Slower growth ahead amid election, geopolitical uncertainty: Fed's Beige Book
Investing.com - Slowing economic growth spread across further districts just as the growth outlook over the next six months is expected to face uncertainty from the upcoming election, geopolitical conflict, and inflation, according to the Federal Reserve's Beige Book released Wednesday.
The weaker outlook comes as the bulk of districts this reporting slight to a modest pace of growth, but five five noted"flat or declining activity—three more than in the prior reporting period," the report added. "Looking ahead, contacts in several Districts expect to be more selective on who they hire and not backfill all open positions," the report added.
The pace of inflation, meanwhile, was modest, with "most Districts noted that input costs were beginning to stabilize," the Beige Book showed.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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