Economic Outlook Dims for US Firms, Federal Reserve Survey Reveals

Economic Outlook Dims for US Firms, Federal Reserve Survey Reveals
The Federal Reserve building in Washington, on March 25, 2024. Madalina Vasiliu/The Epoch Times
Patricia Tolson
Updated:
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The U.S. economy continued to expand at a slow pace in the first quarter of 2024; however, firms became more pessimistic because of reduced consumer demand and increased inflation, according to the Federal Reserve’s Beige Book report released on May 29.

The Beige Book, which is published eight times a year, provides a summary of economic conditions across the Federal Reserve districts, highlighting their varied conditions across industries and regions.