U.S. Economy Largely Unchanged As Inflation Takes a Toll, Fed's Beige Book Says

Seeking Alpha2022-09-08

U.S. economic activity was unchanged since early July, according to the Federal Reserve's BeigeBookreport released on Wednesday. That compares with the "modest pace" indicated in the central bank's ...

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Comments

  • Jess261
    2022-09-08
    Jess261
    Okay
  • robot1234
    2022-09-08
    robot1234
    Market bracing for another three-quarter point hike from the Fed this month. The probability of a three-quarter point hike this month moved to 82% on Wednesday morning, according to the CME Group.As traders ramped up their bets on Fed tightening, stock market futures turned slightly negative after being higher. That follows a series of positive economic data and statements from Fed officials indicating that tight policy is likely to persist well into the future. In a pivotal speech Aug. 26, Fed Chairman Jerome Powell warned that increases will proceed and higher rates likely will stay in placeEven as traders ramped up their bets on Fed tightening, stocks were higher shortly after the market open. A Wall Street Journal report noting the likelihood of a 0.75 percentage point increase coincid
  • BullishKing
    2022-09-08
    BullishKing
    Like
  • Leckyyy
    2022-09-08
    Leckyyy
    Like
  • Seah CL
    2022-09-08
    Seah CL
    K
  • andrew123
    2022-09-08
    andrew123
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