Federal Reserve Beige Book: Mixed Economic Conditions, "K-Shaped" Polarization in Consumer Market Intensifies
BlockBeats News, November 27, the latest Beige Book survey released by the Federal Reserve shows that U.S. economic activity has shown little change in recent weeks, but overall consumer spending has further declined except among high-end consumers. According to the Beige Book survey of regional business contacts released by the U.S. central bank on Wednesday, employment levels have slightly decreased, while prices have risen moderately.
There are divisions among Federal Reserve policymakers on whether to keep interest rates unchanged or to cut rates at the December meeting. This report provides grounds for both sides of the current policy debate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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