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Fed reports signs businesses are seeing price surge ebb

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Washington (AFP) – More American businesses began seeing prices fall or stabilize as 2021 drew to a close, the Federal Reserve said Wednesday, offering hope that the wave of inflation the United States endured last year could be subsiding. However, the central bank’s latest Beige Book survey of economic conditions covering the period from late November till the first few days of 2022¬†also warned that the Omicron variant of Covid-19 had already disrupted business as it spread nationwide. Most of the people who spoke to the Fed’s regional banks reported “solid growth” in prices, but the report s…

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