Fed’s Beige Book points to cooler economy, but maybe not cool enough to tame inflation

Hiring tapered off a bit in May and inflation increased at a slower pace, a Federal Reserve survey found, but the U.S. economy expanded again and suggested growth is unlikely to slow enough to ease stubbornly high price pressures.

The Fed’s regular survey of the economy, known as the Beige Book, indicated the U.S. is still in decent shape.

Yet…