Fed Beige Book warns of flat or weakening activity throughout measured districts
|The latest Federal Reserve (Fed) Beige Book, a summary of interviews with businesses, economists, and market experts, revealed that although business activity remains healthy overall and inflationary pressures remain on the subdued side, pressures are still building in the background and business operators in particular remain cautious.
Key highlights
- The latest Beige Book report was prepared by the Fed Bank of Boston based on information collected prior to July 7.
- Economic activity increased slightly from late May through early June.
- The outlook was neutral to slightly pessimistic, as only two districts expected activity to increase, and others foresaw flat or slightly weaker activity.
- Prices increased across districts, with seven characterizing price growth as moderate and five characterizing it as modest, mostly similar to the previous report.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.