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6 days ago

Inflation is squeezing American consumers and the Fed's latest report shows it's getting worse

A new report from the Federal Reserve finds that inflation is pushing prices higher at a strong pace in most of its regional districts around the country, driven by the surge in energy prices.The Fed on Wednesday released its latest edition of the Beige Book, which summarizes economic conditions in each of the Fed's 12 regional districts and is published eight times a year."Prices increased at a moderate to strong pace overall, with most Districts reporting higher inflation from the previous report," the Fed's national summary explained."Districts noted that energy-related costs tied to the co...