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2026-07-15 18:32:30 UTC

Blockchain Report on Nostr: US economy grew modestly late May-June. 11/12 Fed districts saw slight to moderate ...

US economy grew modestly late May-June. 11/12 Fed districts saw slight to moderate growth, similar to previous period. Consumer spending up slightly, but high fuel prices shift buying to cheaper goods. Financial conditions stable, lending up slightly. Labor market improved, with 5 districts noting moderate to robust job growth. Skilled worker shortages persist, with moderate wage growth. Prices rising moderately, with 9 districts seeing tempered increases. Businesses face cost pressures from energy, transport, raw materials, tariffs. Most expect continued expansion, but fuel cost uncertainty remains. #USEconomy #FedBeigeBook #Inflation #LaborMarket