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 there has been little change in U.S. economic activity in recent weeks, but overall consumer spending has further declined except for the high-end consumer group. 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 is a divergence among Fed policymakers regarding whether to maintain interest rates or lower them at the December meeting. This report provides evidence for both sides of the current policy debate.

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