January 15, 2025 19:14 GMT
US: FED Beige Book
US
USCentral Bank NewsFederal ReserveBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
- Excerpt from the latest Beige Bookt: "Economic activity increased slightly to moderately across the twelve Federal Reserve Districts in late November and December. Consumer spending moved up moderately, with most Districts reporting strong holiday sales that exceeded expectations. Vehicle sales grew modestly. Construction activity decreased overall, with several Districts indicating that high costs for materials and financing were weighing on growth."
- On Labor Markets: "Employment ticked up on balance, with six Districts reporting a slight increase and six reporting no change. Contacts in several service industries, notably healthcare, continued to see job growth."
- On Prices: "Prices increased modestly overall, with growth rates ranging from flat to moderate."
105 words