Fed says US economy grew slightly to moderately
Input price pressures are intensifying.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
The Federal Reserve released its Beige Book report on Wednesday, Oct 14, describing continued economic growth across the country by varying degrees over the past several weeks. Consumers kept spending steady even as confidence slipped. Most districts described overall price growth as moderate, but input price pressures intensified.
Why it matters
The report points to continued growth alongside rising input costs, with businesses such as nonprofits and healthcare facing higher expenses. Overall activity was mixed across the 12 Federal Reserve districts.
Timeline
- Oct 14, 2:13 PM ET: The Federal Reserve released its Beige Book report, finding the U.S. economy kept growing by varying degrees over the past several weeks.
- Oct 14, 5:18 PM ET: Consumer spending held up even as confidence about the economy's direction slipped.
- Oct 15, 2:34 PM ET: The Fed said overall economic activity was mixed among its 12 districts in the seventh Beige Book report.
Coverage
- Beige Book: Economic activity mixed among Fed districts (bankingjournal.aba.com)
- US economy shows slight to moderate growth, Fed's Beige Book shows (Anadolu Agency)
- Arkansas’ nonprofits struggling with inflation, but monthly report shows state’s economy otherwise holding steady (arkansasonline.com)
- US Fed Beige Book: Economy Sees Moderate Growth Amid Rising Price Pressures (stocktwits.com)
- Fed Finds Consumer Spending Holding as Confidence Slips (PYMNTS)
- U.S. economy continues to plug along in the Fed's latest Beige Book report (seekingalpha.com)
More from Business
- Musk pledges SpaceX stock for every American child next year
- Small businesses sue to halt Trump's tariffs on Canadian imports
- Houthi attacks force Saudi Arabia to postpone investor conference
- Bank of America keeps October rate hike call despite markets
- Connecticut man admits losing $1.16M of investor crypto funds
- AI stock selloff keeps markets jittery as CoreWeave debt worries spread