Economic Activity Edged up and Prices Rose Moderately in Recent Weeks, Fed Survey Shows
- On Wednesday, the Federal Reserve's latest "Beige Book" report indicated modest U.S. economic activity, slight employment gains, and moderate price increases gathered from all 12 regional banks.
- Sentiment remains mixed across sectors, the Fed said, as contacts reported heightened uncertainty surrounding elevated energy prices, policy shifts, and international conflict in recent weeks.
- Price increases slowed in three districts, increased in one, and remained unchanged in eight; consumer contacts noted that price sensitivity limited their ability to pass through input costs.
- Financial markets price a 65% chance of a rate hike this month ahead of the September 15-16 meeting, while Fed Chairman Kevin Warsh signaled his "predominant focus" remains on inflation.
- Five of the central bank's 19 policymakers say a rate hike is past due; New York Fed President John Williams told CNBC on Wednesday, "My view is that we just have to keep watching" the data.
32 Articles
32 Articles
It has been assessed that the U.S. economy has continued its moderate growth since early July, and prices have risen to a moderate level. While demand from data centers and defense-related sectors supported manufacturing activity, uncertainty surrounding high energy prices and the potential war with Iran has intensified. In its "Beige Book" economic report released on the 2nd (local time), the U.S. Federal Reserve (Fed) stated, "Among the 12 Fed…
(New York = Yonhap News) Correspondent Lim Soo-jung = U.S. economic activity has expanded moderately since early July and prices have risen to a generally moderate level, the U.S. central bank...
Washington, Sep 2 (EFE).- The Federal Reserve's Beige Book published on Wednesday reveals that the U.S. economy was resilient in July and August and grew moderately thanks to investment in artificial intelligence (AI) or consumption that remained robust despite inflation at a time marked by [...] The Fed's Beige Book entry indicates that the U.S. economy was resilient in July-August was first published in HolaNews.
The Fed sees a slightly increasing economy and rising prices. At the same time, energy prices and conflicts make the outlook for companies more difficult.
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