U.S. economic activity increased modestly in recent weeks, while employment edged higher and prices continued to rise moderately, according to the Federal Reserve's latest Beige Book, offering a mixed picture ahead of its September 15-16 policy meeting, Reuters reported.
The report, based on information collected through August 24 from the Fed's 12 regional districts, is unlikely to provide a clear signal on the central bank's next move as policymakers weigh persistent inflation against signs of a cooling economy.
