Fed Beige Book Supports View That Rate Cut Will Take Time

BlockBeats News, April 24th, the Federal Reserve Beige Book stated that U.S. employment "remained resilient" and prices grew at a mild, moderate, or flat pace. These remarks may support the view that a rate cut will take some time.

The Beige Book noted that "economic activity changed little, on balance, with some sectors experiencing slight improvement while others remained weak" since the last report, but "uncertainty surrounding international trade policy was a common theme." (Golden Finance)