Fed’s Beige Book Reveals Mixed Regional Economic Activity Amid Rate Cut Speculation
The latest Beige Book report indicates stagnant economic activity across most Federal Reserve districts, with two reporting slight declines and one noting modest growth. Manufacturers remain cautiously optimistic despite emerging risks of slowdowns.
Markets anticipate an 80% probability of December rate cuts, fueling rallies. The Fed's messaging on inflation and employment trends will be critical as Quantitative Tightening concludes.