Fed Beige Book: Overall economic activity saw increase early 2023 – by fx_ross Fed DollarIndex
Reuters reported on the Federal Reserve's Beige Book and noted that the report said that the US economic activity increased slightly from January through late February and price increases remained widespread, but businesses reported a moderation in inflation that they expect to continue this year.
Amid heightened uncertainty, contacts did not expect economic conditions to improve much in the months ahead. The US dollar was steady near 105.70 as per the DXY index following the release but it was down from three-month highs reached earlier on Wednesday after Federal Reserve If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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