Fed Beige Book Shows Slight to Moderate US Growth as Prices Rise at Moderate Pace
Updated
Updated · Bloomberg · Jul 16
Fed Beige Book Shows Slight to Moderate US Growth as Prices Rise at Moderate Pace
3 articles · Updated · Bloomberg · Jul 16
Summary
The Federal Reserve said US economic activity expanded at a slight to moderate pace in recent weeks, according to its Beige Book survey released Wednesday.
Most regions reported little to no change in employment levels, indicating growth continued without a broad pickup in hiring.
Prices increased moderately overall, adding to the report’s picture of an economy still growing while inflation pressures persist.