Investing.com -- Economic growth was little changed over the past month and signs of labor market tightness continued to ease, though services inflation remains on the up, and up, according to the Federal Reserve's
The near-term outlook for the economy was generally described as"stable or having slightly weaker growth," the report said, with firms' expectations of the holiday shopping season, an important driver of sales, mixed. On the inflation front, prices continued to increase at a"modest pace overall," the report said, though services inflation, which makes up the bulk of inflation, continued to rise.
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