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flag U.S. economy grows steadily with stable jobs and high inflation, Fed holds rates steady, eyes July cut under new chair.

flag The Federal Reserve's March 4, 2026, Beige Book report shows steady U.S. economic growth, stable employment, and persistent inflation, driven partly by ongoing tariffs and rising oil prices due to U.S.-Iran tensions. flag While most regions expect modest growth, a recent immigration enforcement operation in Minnesota caused temporary labor shortages in agriculture and food processing. flag The Fed kept its benchmark interest rate at 3.50%-3.75% and signaled no immediate rate changes, with markets expecting a potential cut in July when Kevin Warsh is set to become chair following President Trump’s nomination.

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