SUBSCRIBERS
Fed sees modest economic growth amid 'slight' inflation
Published Thu, Sep 8, 2016 · 09:50 PM
Washington
THE US economy grew at a modest pace in July and August as a strong labour market failed to put much upward pressure on wages and prices, a Federal Reserve report showed.
"In general, expectations of wage growth for the coming months were modest" and price increases "remained slight overall", according to the Fed's latest Beige Book release, a survey of business contacts published on Wednesday in Washington.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Thailand to appoint former energy executive Pichai as finance minister, sources say
Consumer gulf widens as demand for premium and budget foods grows
‘To the Future’: Saudi Arabia spends big to become an AI superpower
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
Overcrowded Venice introduces first payment charge for tourists
South Korea readies new system to detect illegal short-selling