The Beige Book document, which is published at regular intervals by the FED and contains details about the US economy, has finally been published.
Here are the highlights from the critical Beige Book document:
- Economic activity increased slightly in most regions.
- In all regions, prices rose only moderately.
- The growth in electricity demand is due to the rapid expansion of data centers, which is planned to be met by investments in renewable energy generation capacity in the coming years.
- This report is based on information collected on or before November 22, 2024.
The document was shared while FED Chairman Jerome Powell was speaking at another event. You can access the details of Powell’s speech below.
*This is not investment advice.