Federal Reserve Bank of Boston Issues Beige Book for June 1, 2022
June 03, 2022
June 03, 2022
WASHINGTON, June 3 -- The Federal Reserve Bank of Boston issued the following Beige Book for June 1, 2022:
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Summary of Economic Activity
Economic activity in the First District increased slightly on balance. Employment increased slightly as many firms struggled to hire and retain workers, and labor shortages contributed to above-average wage growth. Price inflation persisted at a moderate to fast pace. Retail contacts posted flat or somewhat better sal . . .
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Summary of Economic Activity
Economic activity in the First District increased slightly on balance. Employment increased slightly as many firms struggled to hire and retain workers, and labor shortages contributed to above-average wage growth. Price inflation persisted at a moderate to fast pace. Retail contacts posted flat or somewhat better sal . . .