According to a report cited by ChainCatcher from Jin10, the Federal Reserve’s Beige Book showed that respondents generally expect the U.S. economy to continue expanding in the coming months. At the same time, several districts said the outlook for fuel costs still carries a high degree of uncertainty. The update points to a broadly constructive view on near-term economic activity, but also highlights unresolved cost pressures tied to energy. No additional details were provided in the brief.
ChainCatcher reported, citing Jin10, that the Federal Reserve’s Beige Book showed respondents generally expect the U.S. economy to continue expanding over the next few months. Several districts also said the outlook for fuel costs remains highly uncertain.
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