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Cleveland Fed: Business Activity up, but High Fuel Costs Are Increasing Prices, Hurting Consumers - Seward Independent

Higher fuel prices lifted input costs and cut consumer spending, while data center construction helped drive moderate growth, the Cleveland Fed said.

The Federal Reserve of Cleveland. (Getty Images.)With data center construction fueling demand for some manufactured goods, overall business activity increased moderately over the past month and a half, the Federal Reserve Bank of Cleveland reported on Wednesday. But with prices of fuel and other petroleum products remaining high, costs are continuing to rise and consumers find themselves with less money to spend, it reported.  The Cleveland Fed …

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Ohio Capital Journal broke the news on Monday, July 20, 2026.
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