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Indicator Spotlight

Beige Book Flags Growth Slump and Cost Pressures US

by Felix-Antoine Vezina-Poirier, Chief Strategist  

US stagflation is the main message from the April Fed Beige Book, reinforcing our underweight in risk assets and preference for gold. The report showed slowing growth, a softening labor market, and rising input costs. Our Beige Book Monitor mirrors this…

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