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Textual analysis of Beige Book and ECB's Account of September Monetary Policy Meeting

The Beige Book was released a couple of days ago. Textual analysis suggests the Fed districts remained worried about inflation, while they reduced their growth outlook for the economy. On balance, it suggests policy will remain unchanged. The Beige Book is but one input to the forthcoming FOMC meeting, though one we presume it reflects, in condensed for…