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FOX Business presenter Charles Payne responds to CEOs’ top concerns about “making money.”
The U.S. Federal Reserve said in a report on Wednesday that U.S. economic activity was relatively flat at the start of the year and businesses were pessimistic about growth in the coming months.
Half of the Federal Reserve’s 12 local banks reported no change or a slight decline in economic activity in their districts, several others reported little or little growth, and one reported a significant decrease.
According to the central bank’s latest compilation of economic anecdotes from across the country, known as the Beige Book, some retailers believe that “high inflation continues to reduce consumers’ purchasing power, especially among lower and middle-income households. I pointed out that there is
The Federal Reserve has been stuck between a rock and a hard place for most of last year as it battles rampant inflation. Raising interest rates to combat inflation could cool the economy and plunge it into a recession. Still, if inflation is left unchecked, lower purchasing power could lead to lower spending due to high “price sensitivity,” which in itself could trigger a recession.
Retail sales fall 1.1% in December as high inflation weighs on Americans
The Federal Reserve said most regions benefited from a slight increase in consumer spending over the holiday season. ,” he said, making it more difficult to pass on the higher costs to consumers.
Looming debt ceiling confrontation risk triggers ‘self-sacrificing’ recession in US economy
“Selling prices rose at a modest or moderate pace across most regions, but many viewed the rate of gains as slower than in recent reporting periods,” the Federal Reserve said in a report. bottom.
The report included information collected up to January 9th.
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