U.S. economy growth to slow in recent weeks. Increasingly likely a new "quantitative easing".
Fed: Slow growth for U.S. economy in recent weeks. Increasingly likely a new "quantitative easing".
The U.S. economy has grown slowly in recent weeks, with few inflationary pressures, and employers are reluctant to hire or invest between political and economic uncertainty: the Federal Reserve said today. The "Beige Book" of the central bank provides more details on an economy hampered by a slow recovery that can not generate new jobs. The report, prepared for the next session that the Fed will have to choose the addresses 2 and 3 November, does not seem intended to deflect what seems a consensus among politicians in favor of a further monetary easing. The manufacturing sector was stronger in the twelve Fed districts, driven by exports in many places, said anecdotal report on economic conditions.
The spending power of consumers is maintained or gained something, but whoever buys it focuses on expenditure needs. The housing market remains weak, although the prices seem stable. Higher prices of agricultural products and metals have bounced back on consumers, and the pressure on the payroll were minimal, the report said. In this environment, the labor market and investment remains weak.
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