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A sluggish U.S. economy grew slightly faster in the past month after trade wars eased, but companies were hesitant to hire and many began to partially raise prices to offset higher tariffs, according to the most recent Federal Reserve report known as the Beige Book.
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US producer prices flat in June, but tariffs lift goods costs ReutersWholesale inflation measure was unchanged in June CNBCThe tariff-driven inflation that economists feared begins to emerge AP NewsTrump Effect Starts to Show Up in Economy - WSJ The Wall Street Journal
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Economists say it will take time for the effects of trade policies to show up in economic data — but acknowledge they aren't sure how long.
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