Fed's latest Beige Book

The latest Beige Book of the American Federal Reserve suggests that, on balance, the world's largest economy continues to expand on a balanced path. The report gave very little clues as to the extent and timing of future interest changes.

Released on 25 July, the latest Beige Book, which collects the observations of the 12 districts within the Federal Reserve system, reported on economic conditions from June to early July.

The report notes that while economic activity continued to expand" over

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