Fed Beige Book Shows Slight to Moderate Growth in 10 of 12 Districts as Inflation Pressures Strengthen
The Federal Reserve’s Beige Book said economic activity increased at a slight to moderate pace in 10 of the 12 districts in recent weeks, while one district reported a slight decline and one reported no change. Employment showed little to no change in 11 districts, with modest growth in one, and prices increased at a moderate to strong pace overall.
Most districts reported higher inflation than in the prior report, while business outlooks for the next six months showed little change in anticipated growth as elevated uncertainty and signs of weakening consumer spending weighed on sentiment. The report also indicated that outlooks remained mixed as gas prices strained household budgets.
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@financialjuiceFed's Beige Book Fed Beige Book: More broadly, business outlooks for the next six months were reported to have little change in anticipated growth, as elevated uncertainty and signs of weakening consumer spending w
@firstsquawkFED BEIGE BOOK: INFLATION PRESSURES STRENGTHENED, WITH MOST DISTRICTS REPORTING HIGHER PRICE GROWTH THAN IN THE PRIOR REPORT, WHILE EMPLOYMENT REMAINED LARGELY FLAT ACROSS THE COUNTRY.
@businessEconomic activity increased at a slight to moderate pace across most of the US in recent weeks and employment showed little to no change, the Federal Reserve said
@cointelegraph🇺🇸 LATEST: The Fed's Beige Book shows steady employment and slight economic growth across the US, but inflation is ticking higher driven by Middle East war energy prices.
@bostonfedThe latest Beige Book indicates economic activity has grown slightly, but outlooks remain mixed as gas prices strain household budgets. Read more:
@staunovoFed’s Beige Book Shows Steady Employment, Higher Inflation