US economic activity ‘slightly increased’

WASHINGTON, D.C.: US economic activity has “increased slightly” since the start of the year, though price pressures have persisted, the US Federal Reserve (Fed) said Wednesday in its regular summary of economic conditions. The new report is the latest indication that the US economy remains surprisingly resilient despite the Fed’s decision to hike interest rates […]

US economic activity ‘slightly increased’

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WASHINGTON, D.C.: US economic activity has “increased slightly” since the start of the year, though price pressures have persisted, the US Federal Reserve (Fed) said Wednesday in its regular summary of economic conditions.

The new report is the latest indication that the US economy remains surprisingly resilient despite the Fed’s decision to hike interest rates to tackle high inflation.

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