US Economy Faces Stagnation and Rising Prices in May, Fed Reports
TL;DR Summary
The US economy showed signs of slowdown in May, with reduced consumer spending and delayed hiring, amid heightened economic and policy uncertainty, according to the Federal Reserve's Beige Book, which indicates a cautious outlook and mixed regional growth.
Topics:business#consumer-spending#economic-uncertainty#economy#fed-beige-book#labor-market#us-economy
- U.S. economy stalled in May, Fed survey finds MarketWatch
- Fed 'Beige Book' economic report cites declining growth, rising prices and slow hiring CNBC
- US economic activity declines as tariffs pressure prices, Fed says Reuters
- US Economic Activity Ebbs, Prices Rise in Fed’s Beige Book Bloomberg.com
- Fed Beige Book shows stagflationary conditions worsened in May Financial Times
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