Washington, DC, July 26, 2006--Upward pressure from energy and other inputs is persisting, despite reports that the pace of growth in the U.S. economy has slowed, according to a survey of current economic conditions released by the Fed Wednesday.
All 12 Fed districts said their economies were still growing in the last two weeks of June and the first two weeks of July, but there were "numerous individual reports pointing to evidence that the pace of growth has slowed."
Six Fed districts reported a decline in the overall rate of growth in their regions. At the same time, pressure on prices from high price of gasoline persisted and in some cases increased.
