Reported about 4 hours ago
The Federal Reserve's Beige Book reveals that U.S. economic activity saw slight to moderate growth in late November and December, with an uptick in employment and moderate price increases. While more businesses are optimistic about 2025, concerns linger regarding the impact of potential tariff and immigration policy changes under President-elect Donald Trump. Consumer prices rose by 2.9% year-over-year, and the current unemployment rate stands at 4.1%. Fed policymakers remain cautious as they anticipate the effects of these policies on the economy.
Source: YAHOO