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The Federal Reserve's monthly survey found economic conditions around the country worsened in June and early July.

The Fed's survey, compiled from reports from its 12 regional bank districts, showed that retail sales, especially for autos, weakened over the last two months. That followed a big jump in consumer activity in the early spring.

The so-called "beige book" survey found that wholesale prices, especially of such commodities as energy, steel and cement, were rising but that little of those price increases outside of energy were passed on to consumers.

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