Summary
- The Federal Reserve reported that economic activity slightly increased in 9 districts.
- Employment levels increased in 6 districts, but there was no change in the remaining districts.
- Uncertainty about future employment plans has increased in some areas.
On the 15th (local time), the Federal Reserve (Fed) reported through the Beige Book, which covers the economic conditions of its 12 districts, that economic activity increased slightly in 9 of the 12 Federal Reserve Bank districts in the United States, while 3 districts saw a moderate increase in economic activity.
The Fed explained, "Employment levels increased in 6 districts, while there was little change in the remaining districts," adding that "the labor market has slightly improved, although uncertainty about future employment plans has increased in some areas."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
