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Fed Beige Book: Mixed Economic Conditions, 'K-shaped Divergence' in Consumer Market Intensifies
BlockBeats news, on November 27, the latest Beige Book survey released by the Fed shows that U.S. economic activity has seen little change in recent weeks, but overall consumer spending has further declined, except for high-end consumer groups. According to the Beige Book survey released by this U.S. Central Bank on Wednesday, employment levels have slightly decreased, while prices have moderately risen. There are differences among Fed policymakers regarding whether to maintain interest rates or lower them at the December meeting. This report provides a basis for both sides of the current policy debate.

