Fed Sees Moderating Growth and Inflation Pressures Ahead
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U.S. economic activity was little changed over the last 6 weeks, with continued easing of labor market tightness and modest price increases.
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Outlook described as stable or slightly weaker growth. Firms expect slower price increases in coming quarters.
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Divide highlighted between strong macro data and weaker anecdotes from Fed districts.
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Some signs of emerging strains as wage growth slows and price pressures ease.
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Fed policymakers want to see how data evolves before deciding on policy path.
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