The Federal Reserve Board, the central bank of the United States, has released the latest economic report, saying that the overall economy is expanding moderately, while some districts are affected by record inflation and monetary tightening. He pointed out that there are concerns about the risk of a recession.
On the 13th, the Fed released the latest economic report called the "Beige Book" compiled by 12 regional Feds across the United States.
In this context, we judged that the overall economic outlook was "moderately expanding" against the backdrop of growing tourism demand and a strong employment environment.
"There were signs of slowing demand in multiple districts, and there were concerns about the increased risk of a recession in five districts," he said.
Specifically, rising prices for gasoline and food have put pressure on households, slowing growth in personal consumption, and rising mortgage rates against the backdrop of a significant FRB rate hike have weakened housing demand. It is said that it was reported that it was.
At a meeting starting on the 26th of this month, the Fed is expected to prioritize record inflation control and decide on an additional big rate hike, but the rapid monetary tightening risks overcooling the economy, so it is pressing for a difficult response. It seems to be possible.