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US economic activity grew at a "moderate to moderate" pace in late November and December, driven by strong holiday sales, the Federal Reserve said in its Beige Book survey of regional business contacts. Employment overall edged up, with half of the 12 Fed jurisdictions reporting hiring increases, the report showed.
The Federal Reserve's latest Beige Book survey showed that economic activity in the United States rose slightly in November after being basically flat in previous months, and businesses were more optimistic about the demand outlook. According to a research report released on Wednesday, "overall economic activity rose slightly, while...
The Federal Reserve Beige Book shows that inflation continues to moderate, with sales prices reported to increase at a slight or moderate rate in most areas. However, some food items, such as eggs and dairy products, saw larger price increases. Home prices rose modestly in many areas, while rents were flat or falling slightly. Many areas have noticed an increase in consumer price sensitivity. Input prices have generally risen moderately. Respondents from a number of industries noted more severe ...
The Fed's Beige Book shows that, overall, economic activity in almost all regions has changed little since the beginning of September, although two regions have reported moderate growth.
The Federal Reserve's Beige Book pointed to a slight increase in economic activity in the three regions, while reporting flat economic activity.
The Fed Beige Book notes that, in general, prices rose modestly during the most recent reporting period. However, selling prices rose only slightly in three regions. The increase in non-labor input costs, which was largely described as moderate to moderate, was generally moderating, although one region reported that input cost growth was accelerating. Freight and insurance expenses continued to increase in some regions. In contrast, some regions noted some moderation in cost pressures for food, ...
Some analysts said the July Beige Book could bolster confidence that the Federal Reserve will cut interest rates at its upcoming meeting. The "moderate to moderate" description of economic growth is similar to the May report, but details show weakness at the margins - including stabilising input costs, slowing wage growth and lower growth expectations. These developments should provide comfort to policymakers who expect to begin phasing out policy restrictions at the September FOMC meeting.
The Fed's Beige Book shows that economic activity in most regions has maintained a moderate to moderate pace of growth in this reporting cycle; price increases have been moderate, and wage growth has ranged from moderate to moderate; household spending has remained largely unchanged in most regions; and employment has increased slightly.
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