The Federal Reserve’s Beige Book reports slow economic growth and inflation rising due to the Middle East conflict

The Federal Reserve's Beige Book shows that economic activity in most regions of the United States grew slowly to moderately, with employment remaining virtually unchanged. In most regions, inflation rose due to higher energy prices caused by the Middle East war. Policymakers are considering retaining the option of tightening policies, but officials believe the current interest rate environment is still relatively favorable.