WASHINGTON (AFP) - US economic activity appears to have slowed to a crawl in the past weeks even as price pressures intensified, the Federal Reserve said in its Beige Book report Wednesday.
The Fed's latest survey of the US economy, to be used by its policymakers for their August 5 meeting, painted a grim picture of soft activity along with higher inflation.
istrict banks "noted a moderation in growth."

WASHINGTON (Reuters) - The pace of US economic activity slowed somewhat through mid-July and price pressures were elevated or increasing across the country,

- WASHINGTON (Thomson Financial) - conomic activity across the US has continued to erode over the last few months in the face of slower consumer spending, higher prices, reduced manufacturing activity and ongoing weakness in the housing market, the Federal Reserve said in its latest survey of economic conditions in the 12 Federal Reserve districts.
'Reports from the twelve Federal Reserve Districts suggests that the pace of economic activity has slowed somewhat since the last report,' the Fed's Beige Book said today.
or some items, especially electronics.'