{"id":71719,"date":"2022-09-07T22:35:28","date_gmt":"2022-09-07T18:35:28","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=71719"},"modified":"2022-09-07T22:39:59","modified_gmt":"2022-09-07T18:39:59","slug":"feds-beige-book-indicates-progress-on-labor-price-pressures","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-beige-book-indicates-progress-on-labor-price-pressures\/09\/07\/market-updates\/","title":{"rendered":"Fed&#8217;s Beige Book predicts future US economic slowdown"},"content":{"rendered":"\n<p>The Fed\u2019s Beige Book has noted that US economic activity is still under pressure and that &#8220;the outlook for future economic growth remained generally weak\u201d.<br><br>The Fed released its latest summary of feedback from business contacts nationwide as policymakers are considering whether to proceed with a third straight 75-basis-point interest rate hike at FOMC\u2019s September 20-21 policy meeting, or go with a still larger-than-usual 50-basis-point rise in its battle against hot inflation.<br><br><strong>Key Quotes<br><\/strong><br>The outlook for future economic growth remained generally weak, with contacts noting expectations for further softening of demand over the next six to twelve months.<br><br>Economic activity was unchanged, on balance, since early july, with five districts reporting slight to modest growth in activity and five others reporting slight to modest softening.<br><br>The outlook for future economic growth remained generally weak, with contacts noting expectations for further softening of demand over the next six to twelve months.  <br><br>Employers noted improved worker retention, on balance. Price levels remained highly elevated, but nine districts reported some degree of moderation in their rate of increase.<br><br>Wages grew across all districts, although reports of a slower pace of increase and moderating salary expectations were widespread.   <br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Fed\u2019s Beige Book has noted that US economic activity is still under pressure and that &#8220;the outlook for future economic growth remained generally weak\u201d.The Fed released its latest summary of feedback from business contacts nationwide as policymakers are considering whether to proceed with a third straight 75-basis-point interest rate hike at FOMC\u2019s September 20-21 &hellip;<\/p>\n","protected":false},"author":13,"featured_media":61240,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8501,6987,7940,8213],"class_list":["post-71719","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-feds-beige-book","tag-inflation","tag-labour","tag-price-pressures"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=71719"}],"version-history":[{"count":5,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71719\/revisions"}],"predecessor-version":[{"id":71729,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71719\/revisions\/71729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61240"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=71719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=71719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=71719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}