U.S. Economy Slows in Several Parts of the Country, Fed’s Beige Book Says

Several parts of the country showed signs of slowdown in recent weeks and price increases remained significant as the U.S. economy continued to modestly expand, the Federal Reserve said in a report.

Throughout the country, prices for food and energy rose, according to the beige book, which is a compilation of economic anecdotes collected through July 13. The latest publication released Wednesday comes as inflation hit 9.1% in June, a four-decade high.