Posted 1/17/2024, 9:15:47 PM
Hiring Slows While Prices Grow Modestly As Economy Cools From 2018 Highs
- Hiring stalled recently according to the Federal Reserve Beige Book report, while prices grew modestly
- The private sector is optimistic about potential interest rate cuts this year
- The economy has downshifted from blistering growth rates seen last year
- Prolonged high interest rates have succeeded in cooling the economy
- Most Fed districts reported little change in economic conditions, though views on employment levels varied