Fed Beige Book Reports Modest Economic Growth, Slight Employment Gains, and Moderate Price Increases
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| GBPUSD | — | — |
| USDJPY | — | — |
- US economic activity grew modestly since early July.
- Employment increased very slightly overall.
- Prices rose moderately in eight districts, with elevated input costs.
The Federal Reserve’s latest Beige Book, released on Wednesday, indicated that U.S. economic activity expanded modestly since early July, with demand from data centers contributing to growth. Employment saw a very slight increase overall, as three districts reported modest gains, four noted slight gains, and five observed no change. Regarding inflation, prices rose in eight districts, characterized as moderate or modest increases, with input cost pressures elevated in sectors like manufacturing and construction due to rising energy and raw material costs. While the general outlook for the coming months was positive, sentiment varied, with contacts expressing heightened uncertainty stemming from higher energy prices, policy decisions, and international conflicts.