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Beige Book

All articles tagged with #beige book

economy2 years ago•1 min saved

"Fed's Beige Book Reveals Cooling Labor Market and Stalled Economic Activity"

The Federal Reserve's Beige Book survey revealed signs of a cooling labor market across most regions of the country, with reports of larger applicant pools, lower turnover rates, and easing wage pressures. This could help keep inflation in check, influencing the Fed's upcoming interest-rate policy meeting. Despite this, business contacts expressed optimism about future growth, while retailers faced pressure to contain prices due to consumers' price sensitivity.

via MarketWatch|

#beige-book #economy #federal-reserve

economy2 years ago•0 min saved

Jobless Claims Reach 2-Year High, Signaling Cooling Labor Market

Initial jobless claims in the US rose by 7,000 to 218,000 in the latest week, reaching the highest level in two years. The number of people already collecting jobless benefits also increased by 86,000 to 1.927 million, indicating a softer labor market and making it harder for laid-off workers to find new jobs. Economists caution that the holiday season can cause volatility in jobless claims data. The rise in continuing claims aligns with the Federal Reserve's Beige Book survey, which described a slightly weaker US economy.

via MarketWatch|

#beige-book #economy #jobless-claims

economy2 years ago•1 min saved

Economic Slowdown and Consumer Pullback Indicated in Fed's Beige Book

The Federal Reserve's "Beige Book" survey reveals a recent economic slowdown in the US, attributed to consumers reducing discretionary spending and showing more price sensitivity. Sales of items like furniture and appliances declined, while travel and tourism activity remained healthy. The Beige Book provides valuable insights into business conditions across the 12 Fed districts and is increasingly relied upon by central bank officials to assess the economy and inflation.

via Mint|

#beige-book #consumer-behavior #discretionary-spending