Federal Reserve Says Beige Book Shows Modest U.S. Growth Amid Energy Cost Pressure
According to the Federal Reserve, its Beige Book reported that uncertainty around the Iran war and rising fuel costs weighed on business decisions across all 12 districts.
Summary
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Terms & Concepts
Beige Book: A Federal Reserve survey summarizing regional U.S. economic conditions based on anecdotal reports from its districts.
Federal Reserve: The central bank of the United States, which monitors economic activity and sets monetary policy.