Summary
- The United States Fed assessed through the Beige Book that overall economic activity has decreased slightly.
- In some regions, the economic outlook has worsened, while in others, the outlook has improved.
- Currently, inflation is continuing to rise at a moderate pace, indicating that the Fed's concerns over inflationary pressures remain.
On the 4th (local time), the United States Federal Reserve (Fed) evaluated in its Beige Book—a report outlining economic trends in its 12 regional districts—that "overall economic activity has decreased slightly."
According to the report, while some districts responded that their economic outlook had worsened, other districts stated that their outlook had actually improved.
Meanwhile, it was noted that the current inflation remains on a moderate upward trend.
This shows that the Fed is still unable to dispel concerns about ongoing inflationary pressures.
JH Kim
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