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US economy expands with wide range of wage growth

Beige Book notes that while wages generally increased since the start of the year, the growth was inconsistent

According to the US Federal Reserve's Beige Book, consumer spending increased in the majority of districts, with car sales remaining at elevated levels.


THE US economy continued to expand across most of the country, while wage growth was described as varying widely, "from flat to strong", a Federal Reserve report showed.

Seven of the Fed's 12 regional districts characterised the economy as growing "moderately", at a "...

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