Fed Beige Book flags intensifying price pressures
The US Federal Reserve (Fed) released its Beige Book, a qualitative report that summarises regional and national economic conditions and is used by the Federal Open Market Committee (FOMC) at each of its eight monetary policy meetings.
The Federal Reserve (Fed) published its Beige Book, a qualitative report summarizing regional and national economic conditions, which will be considered by the Federal Open Market Committee (FOMC) during its monetary policy meetings. Most districts in the report observed little change in overall employment levels, with two of the twelve districts reporting moderate growth in economic activity since the last Beige Book release.
However, expectations are generally for slight growth, leaning towards manufacturing while being affected by persistent uncertainties. Three districts reported robust price growth, while three of the eight districts noted intensifying input price pressures.
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