Fed Beige Book Says US Economy Grew Modestly as Inflation Stayed Stable
JH Kim
Summary
- The Fed's Beige Book said the US economy maintained modest growth, with 11 districts posting slight to moderate expansion.
- The Fed said that, among the 12 districts, nine saw moderate increases, two posted relatively large increases, and one recorded a slight increase in prices.
- The Fed said the overall pace of price increases was similar to the previous survey or had slowed somewhat.
Forecast Trend Report by Period
The Federal Reserve said the US economy continued to grow at a modest pace, while inflation pressures remained broadly stable.
In its latest Beige Book released on July 15, the Fed said economic activity increased slightly to moderately in 11 of the 12 Federal Reserve districts from late May through June. Activity was unchanged in the remaining district.
Prices rose at a moderate pace overall. Of the 12 districts, nine reported moderate increases, two reported relatively large increases, and one reported a slight increase.
The Fed said the overall pace of price increases was similar to the previous survey or had slowed somewhat.
JH Kim
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