The document, a photograph of the situation of the economy based on information from the twelve regional central banks with data collected until August 23, shows that Companies are optimistic about short-term prospects. And that despite the new imposition of tariffs and uncertainty about future relations with China.
The Beige Book notes that the US economy It has expanded in recent weeks at a "modest" pace, registering growth in consumer spending and tourism. On the contrary, it shows that the situation has slowed in the transport sector and that, in the manufacturing sector, there has been a decrease in activity.
One point, the latter, which has been verified in the ISM manufacturing data recorded this week in the country, by lowering to a minimum level in three years and indicating contraction for the first time in 35 months.
With respect to working market, the document of the institution chaired by Jerome Powell speaks of a modest growth, despite the fact that some companies ensure that the absence of labor balks the hiring.
The next meeting of the Fed will be held between September 17 and 18. The market will be attentive to a possible new drop in rates, after the one carried out in July.
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