January 19, 2023

U.S. economy 'relatively unchanged' with expectations for little growth ahead: Beige Book

The Federal Reserve’s latest Beige Book indicated that U.S. economic activity was “relatively unchanged” from the “about flat or up slightly” picture portrayed in the previous report issued on Nov. 30, 2022.
For the months ahead, contacts generally expect to see little growth in the wake of persistent inflation and high interest rates.
This is a developing story. Check back for updates.

Now read: Carlyle’s Rubenstein: Uncertainty makes this a good time to invest, rate cuts possible in 2023

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