WASHINGTON -- The economy is continuing to expand at a brisk pace in most parts of the United States amid scattered signs of rising wage and price pressures, the Federal Reserve said yesterday.

The Fed's assessment, contained in the "beige book" survey of business conditions in the 12 regional bank districts, is the most explicit to date in citing a variety of anecdotal evidence that inflationary pressures are building because of continued strong growth in the economy.

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