Fed survey shows price pressures intensifying amid rise in fuel costs
Three Fed districts reported intensifying price growth as firms passed along higher diesel, tariff and insurance costs, the Beige Book said.
- The Federal Reserve released its latest Beige Book report on Wednesday, showing businesses across the country expect only slight growth while remaining burdened by persistent uncertainties about the economic outlook.
- According to the Fed's new survey, the labor market remains in a low-hire, low-fire state, with inflation intensifying across parts of the country in recent weeks.
- Contacts in multiple Districts noted that price growth remains moderate to robust, driven by continued pressure from commodities, insurance, tariffs, and diesel fuel surcharges passing through supply chains.
- Financial markets are pricing a 37 per cent chance of an interest rate hike later this month after data showed consumer prices rose 3.7 per cent in the 12 months.
- Ahead of the Nov. three midterm elections, the Beige Book serves as an economic barometer for voters assessing cost-of-living pressures while the Mortgage Bankers Association reported mortgage rates rose to 7.5 per cent last week.
20 Articles
20 Articles
Fed's Beige Book Shows Intensifying Price Growth in Some Areas
Amid the persistence of high oil prices, one third of the districts of the Federal Reserve (Fed, U.S. central bank) reported acceleration in the high rate of prices in the last month, according to the Bege Book, a report that gathers information on economic activity in the 12 districts of the U.S. central bank. All units reported some price increases in the last month, with three of them classifying the general high as robust, eight as moderate …
Fed survey shows price pressures intensifying amid rise in fuel costs
Oct 14 (Reuters) - The US labor market remained stuck in a low-hire, low-fire state and inflation was intensifying across parts of the country in recent weeks, a Federal Reserve report showed on Wednesday, underscoring what's at stake as the central b...
Book Bege records faster high in 4 districts and oil and diesel pressure on costs across the country. Read on Power360.
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