Central Banks
Fed’s Beige Book Sees US Growth as Stable or Slightly Weaker
- Firms see prices rising at slower rate in coming quarters
- Businesses struggled to pass along cost pressures, Fed says
The Marriner S. Eccles Federal Reserve building in Washington, DC.
Photographer: Al Drago/BloombergThis article is for subscribers only.
The outlook for the US economy is stable or may show softer expansion, the Federal Reserve said in its Beige Book survey of regional business contacts.
“The near-term outlook for the economy was generally described as stable or having slightly weaker growth,” , the Fed said Wednesday in the report, published two weeks before each meeting of the policy-setting Federal Open Market Committee. “Labor-market tightness continued to ease across the nation.”