Businesses are feeling stronger inflation and paying higher wages, Fed’s ‘Beige Book’ says

CNBC/Jeff Cox

Repost from 9-9-2021

graphic image of a bull and bear with the words 'stagflation ahead'“U.S. businesses are experiencing escalating inflation that is being aggravated by a shortage of goods and likely will be passed onto consumers in many areas, the Federal Reserve reported Wednesday.”

USAGOLD note: Does the latest Beige Book report make stagflation official? The Fed also reported “a deceleration of economic activity” for the July through August period.

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