On October 24th, Jinshi data reported that some analysts believe that the Federal Reserve’s beige book survey shows little change in US economic activity from September to early October, with increased business hiring, continuing a recent trend and reinforcing expectations that the Fed will cut interest rates by 25 basis points in two weeks. In addition, the Fed’s latest survey of economic health also shows that inflation pressures continue to ease. Before the US presidential election on November 5th, the economy, especially inflation, remains a key issue that voters follow.
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Analyst: The Fed survey shows that there has been little change in US economic activity in recent weeks.
On October 24th, Jinshi data reported that some analysts believe that the Federal Reserve’s beige book survey shows little change in US economic activity from September to early October, with increased business hiring, continuing a recent trend and reinforcing expectations that the Fed will cut interest rates by 25 basis points in two weeks. In addition, the Fed’s latest survey of economic health also shows that inflation pressures continue to ease. Before the US presidential election on November 5th, the economy, especially inflation, remains a key issue that voters follow.