The Federal Reserve’s latest Beige Book, covering late May through early July, showcases ongoing slight to modest economic growth in most Districts. However, the report reveals seven Districts noting growth while five experiencing flat or declining activity, marking an uptick in Districts with stagnant or reduced economic performance compared to the previous period. Household spending has remained largely unchanged during...

03:04 PM EDT, 07/17/2024 (MT Newswires) -- Economic activity in a majority of districts rose at a slight to modest pace since the middle of May, while overall growth in the coming months was expected to be slower amid uncertainty around inflation and the upcoming presidential election, the Federal Reserve said in its latest Beige Book released Wednesday. Seven Fed...

(Reuters) - U.S. economic activity expanded at a slight to modest pace from late May through early July and firms reported some signs that the jobs market continues to soften, underscoring the Federal Reserve's recent pivot to more keenly assessing slowing demand for labor to ensure it doesn't wait too long before cutting interest rates. The U.S. central bank's latest...

02:28 PM EDT, 07/17/2024 (MT Newswires) -- US industrial production increased more than expected last month as manufacturing output decelerated less than the market predicted, Federal Reserve data showed Wednesday. Industrial output advanced 0.6% in June, decelerating from May's 0.9% increase but double the consensus for a 0.3% rise in a survey compiled by Bloomberg. Annually, industrial production increased 1.6%...