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.
27 Articles
27 Articles
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.
Economic activity in the United States grew at an average moderate rate in July-August, as reported in a regional survey published on Wednesday by the Federal Reserve (FRF), which is called Beige Book.
Most of the twelve districts of the Federal Reserve (Fed) saw a modest increase in prices, employment and economic activity last month, according to the Bege Book, a document that compiles the economic situation in the districts of the American central bank. Exclusive material for subscribers. To have full access, access the link of the subject and register.
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