The US economy continued to expand at a moderate pace heading into the Federal Reserve's next policy meeting, with employment improving and inflation showing signs of easing, though rising fuel costs and tariff-related pressures remain key risks, according to the central bank's latest Beige Book, according to Reuters.
The Beige Book, which compiles anecdotal information from the Fed's 12 regional banks, indicated that businesses across most regions expect economic growth to continue in the coming months. However, several districts highlighted elevated uncertainty over fuel costs, reflecting concerns that renewed geopolitical tensions could complicate the inflation outlook.
