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HomeLatest NewsThe Fed winks at investors and welcomes the loosening of the CPI

The Fed winks at investors and welcomes the loosening of the CPI

Date: November 29, 2023 Time: 02:48:09

The US Federal Reserve (Fed) specified on Wednesday that the prospects for Price moderation in the United States for the next few months son good goodaccording to the agency’s contacts in its different districts published in its beige book“In general, the contacts in the different districts said that they hope that the price increase will moderate more in the next year“, he assures in the publication. The comment anticipates a moderation of the rate hikes by the US central bank as inflation in the country -6.5% in December- registers increasingly low levels, after having reached maximums. It was the seventh consecutive rise of rates since March, although more attenuated than the last four, of 0.75 points. Many analysts hope that, at their next meeting, the central bank announces a rise of 0.25 points, since inflation, despite moderating, continues well above the target of 2% of the organism. The Beige Book, published eight times a year, is a Fed document that analyzes the economic situation in the 12 districts, or geographic areas, into which the agency divides the country. This Wednesday, the Beige Book suggests that the employment situation remains robust and that many users were reluctant to lay off workers, despite the drop in their sales due to the difficulty in finding workers. labor market disruption -the difference between the supply and demand of workers- is one of the main reasons cited by the president of the Fed, Jerome Powellto continue with rate hikes and further constrain economic activity to try to put a stop to inflation.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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