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Fed’s ‘Beige Book’ Finds Economy Holding Steady, With Little Growth Expected in the Coming Months | Economy
The U.S. economic climate held steady in early January with some regions encountering modest declines in action and other people viewing slow development, the Federal Reserve reported on Wednesday in its “beige book” survey. The survey, taken on or just before Jan. 9, collects impressions and information from the Fed’s 12 regional banking institutions. It is utilised to support the Fed established financial policy. The summary of conditions will do minimal to change the Fed’s present-day strategies calling for more desire rate hikes this year, with a person pegged for Jan. 31-Feb. 1 when its monetary policy committee satisfies. Analysts are overwhelmingly anticipating the central financial institution to raise desire…