Federal Reserve Beige Book: Little to No Significant Change in Economic Activity
The Federal Reserve's Beige Book on economic conditions reveals that, in most of the 12 Federal Reserve districts, there has been little to no significant change in economic activity since the last Beige Book release. Overall employment levels remained virtually unchanged in seven districts, while labor markets were tight in two districts. Nearly all districts reported a cooling labor market. Six districts reported slight or moderate price increases, and two districts reported moderate increases.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Australian Dollar holds above 0.7050 as hot CPI boosts RBA hike bets
Commodity cost headwinds increase to 2.5 billions USD, Ford Motor (F.US) sees core profit edge up 4% against the trend in Q3 and raises its annual guidance lower limit
Ford's Q3 adjusted EPS exceeded expectations by 20%, and the company raised the lower end of its full-year profit guidance to $10.5 billion; however, revenue slightly missed expectations, causing shares to fall nearly 2% after hours.