Federal Reserve Board - Beige Book, June 2006

The Federal Reserve published its June 2006 Beige Book survey on 14 June. The U.S. economy continued to expand from mid-April to early June, but there were signs of slowing growth and inflation, the report said.

"High energy costs were fueling price increases in manufacturing and, to a much lesser extent, retail," the Fed said in its "beige book" summary of economic conditions.

Reports of costs being passed forward varied, but were more prevalent than in the last report in April, the Fed said.

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