New Fed Beige Book Survey Shows Inflation Up Across Most Districts, Steady Employment

AI Summary

The latest Fed Beige Book Survey reports inflation rising across most U.S. districts, driven in part by costs related to conflict with Iran. Despite inflation increases, employment levels have remained steady according to Bloomberg economists.

Stuart Paul, US and Canada economist for Bloomberg Economics, and Tom Keene, co-host of Bloomberg Surveillance, broke down the information out of the Fed's Beige Book Survey as the Fed reported inflation up across most districts, with costs rising due to conflict with Iran. On the other side, employment remained steady. (Source: Bloomberg)