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Fed report points to slight rise in inflation, tight job market
June 2, 2016 by publisher · Leave a Comment
By Jason Lange WASHINGTON, June 1 (Reuters) – Inflation pressures grew slightly across most of the United States from April to mid-May, the Federal Reserve said on Wednesday in a report that also pointed to rising labor costs for American companies. The Fed's Beige Book, a collection of anecdotal information from business contacts nationwide, found that labor markets appeared to be tightening despite “modest” job growth. “Tight labor markets
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Fed report points to slight rise in inflation, tight job market