The last Beige Book of the Federal Reserve (FED), a summary of interviews with companies, economists and market experts, revealed that although business activity remains healthy in general and inflationary pressures remain moderate, pressures are still accumulating in the background and commercial operators, in particular, they are still cautious.
Key aspects
- The last report of the Beige book was prepared by Boston Fed Bank based on information collected before July 7.
- Economic activity increased slightly from the end of May to the beginning of June.
- The perspectives were neutral to slightly pessimistic, since only two districts expected the activity to increase, and others foresee a flat or slightly weaker activity.
- Prices increased in all districts, with seven characterizing price growth as moderate and five as modest, mostly similar to the previous report.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
