The US Federal Reserve (Fed), in its “Beige Book” report, announced that companies in the country are more pessimistic about the economic Outlook.
In the “Beige Book” report, which was prepared with analyzes from 12 branches of the Fed, it was stated that economic activities in the USA had increased “moderately” in recent weeks. However, it was noted that these activities remained flat in some regions and regressed in a few.
“National economic activity has increased moderately since the previous report, but conditions have varied across sectors and regions. Outlooks have become more pessimistic amid growing concerns about weakening demand,” said the assessment. Statements were included.
The report noted that significant increases in input prices were reported in various industries, although some decreases were recorded in commodity, fuel, and freight costs.
“Looking into the future, expectations were for price increases to be moderate overall,” the Fed’s report said. A statement was included.
