A routine Federal Reserve (Fed) survey has found that the US economy grew steadily through the fall and inflation eased a bit, but many businesses expressed ‘greater uncertainty or increased pessimism’ about the outlook toward the end of the year. The survey, called the Beige Book, painted a somewhat cloudier view of the economy compared to earlier this year.
The Fed said economic growth was ‘flat or up slightly’ since the last Beige Book report. More businesses said they were worried about a potential recession in 2023.
A routine Federal Reserve survey has found that the US economy grew steadily through the fall and inflation eased a bit, but many businesses expressed ‘greater uncertainty or increased pessimism’ about the outlook toward the end of the year. The survey, called the Beige Book, painted a somewhat cloudier view of the economy compared to earlier this year.
Consumer spending held steady or even rose for…
