Economy: US economy grows despite greater uncertainty
The Fed sees a slightly improving economy and rising prices. At the same time, energy prices and conflicts are making the outlook for companies more difficult.
The US economy has seen slight growth in recent weeks, according to the Federal Reserve's Beige Book report. Prices have risen moderately and employment has increased slightly. The outlook for the coming months is generally positive, but uncertainty is high due to rising energy prices, political tensions, and international conflicts.
The report will inform the Fed's next interest rate decision on September 15-16, with markets predicting a 65% chance of a rate hike. The Fed has kept its benchmark interest rate at 3.50-3.75% since December.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
