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Fed's Beige Book: Price pressures have strengthened since last report

Below are the key headlines from the Fed's Beige Book, which provides a detailed economic assessment in all of the twelve Federal Reserve districts.

Economic activity expanded at a modest to moderate pace in oct through mid-Nov.

There was a 'slight improvement' in outlook among business contacts in reporting districts.

Price pressures have strengthened since last Beige Book report.

Most districts reported modest to moderate employment growth; reports of labor market tightness widespread.

Wage growth was modest to moderate in most districts.

All districts reported manufacturing activity expanded; most expect activity to continue to pick up.

Fed's Williams: Fed should continue to raise rates slowly

Below are the key highlights, via Reuters, from the speech delivered by San Francisco Federal Reserve President John Williams to an economic forecast
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USD/MXN: Peso remains strong after cabinet reshuffle in Mexico

The USD/MXN pair remains near the lowest levels in more than a month. It is hovering slightly above 18.50 after falling on Monday to 18.44...
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