18 Hrs
Source:
الاقتصادية
US economy weakens amid inflation
The "Green Book" report issued by the U.S. Federal Reserve indicates that economic activity in the United States has shown slight growth in recent weeks, with moderate increases in employment and a slight decline in inflation rates, amid expectations of a decision to raise interest rates during the September meeting. The report notes that the pace of price increases has slowed in 3 out of 12 regions, while it has risen in one region and remained stable in the others, with companies increasingly refraining from passing cost increases onto consumers. The market is highly expected to see interest rate hikes, amid mounting pressures due to rising energy prices and international tensions, especially given the continued increase in transportation and raw material costs, along with warnings about the impact on household budgets and labor markets, particularly the housing market, which is showing signs of weakness.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)