www.bloomberg.com
According to the Federal Reserve’s recent Beige Book survey, economic activity increased at a “slight to modest pace” across most of the US since mid-November. The report noted that consumer spending saw gains, and labor markets remained tight, though the pace of job growth slowed. Inflationary pressures persisted but showed signs of moderating in some areas. Contacts expressed mixed views on the near-term outlook, with some citing persistent inflation and higher interest rates as potential headwinds for future growth. Overall, the tone was cautiously optimistic, reflecting a resilient, albeit cooling, economy.
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