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Fed Beige Book: Economy Shows Mixed Signs, Consumer Market Witnessing Increased "K-Shaped Divergence"
BlockBeats News, November 27th, the latest Beige Book survey released by the Federal Reserve indicates that U.S. economic activity has seen little change in recent weeks, but overall consumer spending has further declined except among high-end consumer groups. According to this survey of regional business contacts released by the U.S. central bank on Wednesday, employment levels have slightly decreased, while prices have moderately increased.
There is a divergence among Federal Reserve policymakers on whether interest rates should remain unchanged or be lowered at the December meeting. This report provides a basis for both sides of the current policy debate.
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