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Douglas Sacha/Getty Images(NEW YORK) U.S. economic activity changed little in recent weeks as hiring stalled, prices grew modestly and the private sector feared uncertainty tied to the 2024 election, a Federal Reserve report released on Wednesday showed. A rosy outlook nevertheless pervaded the findings, since industry officials anticipated interest rate cuts this year, the report said. On the whole, the report depicts an economy that has downshifted from blistering growth in the middle of last year, slowing hiring and putting the brakes on price increases. The report, known as the Beige Book, detailed economic conditions in 12 different regions known as "districts" based on the results of interviews with businesses by local Fed officials. The fresh information suggests that a prolonged period of high interest rates has succeeded in cooling the economy, which could reinforce the Fed s plans to cut rates in the coming months. Private sector officials nationwide drew

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ABC Business - WOND

Douglas Sacha/Getty Images(NEW YORK) U.S. economic activity changed little in recent weeks as hiring stalled, prices grew modestly and the private sector feared uncertainty tied to the 2024 election, a Federal Reserve report released on Wednesday showed. A rosy outlook nevertheless pervaded the findings, since industry officials anticipated interest rate cuts this year, the report said. On the whole, the report depicts an economy that has downshifted from blistering growth in the middle of last year, slowing hiring and putting the brakes on price increases. The report, known as the Beige Book, detailed economic conditions in 12 different regions known as "districts" based on the results of interviews with businesses by local Fed officials. The fresh information suggests that a prolonged period of high interest rates has succeeded in cooling the economy, which could reinforce the Fed s plans to cut rates in the coming months. Private sector officials nationwide drew

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Business - Carroll Broadcasting Inc

Douglas Sacha/Getty Images(NEW YORK) U.S. economic activity changed little in recent weeks as hiring stalled, prices grew modestly and the private sector feared uncertainty tied to the 2024 election, a Federal Reserve report released on Wednesday showed. A rosy outlook nevertheless pervaded the findings, since industry officials anticipated interest rate cuts this year, the report said. On the whole, the report depicts an economy that has downshifted from blistering growth in the middle of last year, slowing hiring and putting the brakes on price increases. The report, known as the Beige Book, detailed economic conditions in 12 different regions known as "districts" based on the results of interviews with businesses by local Fed officials. The fresh information suggests that a prolonged period of high interest rates has succeeded in cooling the economy, which could reinforce the Fed s plans to cut rates in the coming months. Private sector officials nationwide drew

Douglas sacha gettyChristopher wallerEllen zentnerBureau of labor statisticsMorgan stanleyFederal reserveBeige bookLabor statisticsReserve governor christopher waller04 7West branchP northAwas bay

US hiring stalled and prices increased modestly in recent weeks, Fed report says

US hiring stalled and prices increased modestly in recent weeks, Fed report says
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Christopher wallerEllen zentnerDouglas sacha gettyBureau of labor statisticsFederal reserveMorgan stanleyBeige bookLabor statisticsReserve governor christopher waller

US hiring stalled and prices increased modestly in recent weeks, Fed report says

Douglas sacha gettyChristopher wallerEllen zentnerBureau of labor statisticsFederal reserveMorgan stanleyBeige bookLabor statisticsReserve governor christopher waller