Fed's Beige Book reports modest US economic activity increase.

The Federal Reserve's Beige Book indicates a slight increase in US economic activity since early January, according to anecdotal evidence from the Fed's 12 districts. Inflation and the job market show mixed signals about their cooling pace. Fed Chair Jerome Powell's recent comments suggest the timeline for cutting interest rates remains uncertain due to the lack of assured progress on inflation.

March 06, 2024
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