23 Hrs
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المشهد العربي
U.S. growth slows amid weak employment
The article focused on the slowdown in U.S. economic growth since July, with continued weakness in the labor market and rising prices. The "Beige Book" report indicated that 10 out of 12 regions experienced slight to moderate expansion, but consumer spending remained limited, with variations in consumer behavior due to rising prices and high fuel costs. The industrial sector saw improvements in most regions, supported by demand from the defense and data center sectors, while the construction sector experienced a contraction in residential building and an increase in non-residential construction, particularly data centers.
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