The Beige Book reports U.S. economy stable with modest growth, easing inflation, firm employment, and steady housing market.
The Federal Reserve's Beige Book report shows the U.S. economy remained stable from early September to October, with modest growth in two districts. Inflation pressures have eased, though food prices for items like dairy and eggs rose sharply. Employment is solid, with wage increases noted, especially in skilled trades. The housing market is steady, but concerns over mortgage rates and affordability persist. Despite challenges, there is optimism about long-term economic prospects.
October 23, 2024
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