US economic activity slightly increased since early January, with rising employment and slower wage growth potentially easing inflation.
According to the Federal Reserve's Beige Book, US economic activity has slightly increased since early January. Despite a decrease in consumer spending on retail goods due to price sensitivity, employment has risen at a slight to modest pace. Wages are growing at a slower pace which may help reduce inflationary pressures. The Federal Reserve is not in a hurry to reduce rates until officials are convinced that inflation is heading back to their goal.
March 06, 2024
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