Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Konjunktur: US-Wirtschaft wächst trotz größerer Unsicherheit

Die Fed sieht eine leicht anziehende Wirtschaft und steigende Preise. Zugleich erschweren Energiepreise und Konflikte den Ausblick für Unternehmen.

Konjunktur: US-Wirtschaft wächst trotz größerer Unsicherheit

The U.S. economy saw modest growth in recent weeks, according to the Federal Reserve's latest Beige Book report released on Wednesday. Prices increased moderately, and employment grew slightly, it added. The outlook for the coming months is positive overall, but there is heightened uncertainty across industries due to rising energy prices, the political landscape, and international conflicts.

Some of the 12 Fed districts also reported that businesses faced increased consumer price sensitivity, making it harder to pass on higher costs. The report will guide the central bank's decision-making for their next interest rate meeting on September 15 and 16. The Fed has kept its benchmark interest rate between 3.50% and 3.75% since December.

Analysts estimate a 65% chance of an interest rate hike this month. Fed Chair Kevin Warsh emphasized his focus on inflation, which has been above the bank's 2.0% target for nearly five and a half years. He remains open to raising interest rates when necessary to ensure inflation stays on track.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Finance & Markets

More from Wednesday 2 September →