Expectations for future economic growth in the United States deteriorated "a little," the US central bank revealed on Wednesday in its May Beige Book. However, most districts still expected "further expansion" in economic activity.
The report also noted that unemployment rose at a "slower pace" in most districts than in previous reports. Regarding financial activity, the Fed stated that "conditions were stable or somewhat tighter in most districts."
In terms of prices, these increased "moderately," with home prices and rent rising slightly. "Manufacturing activity was flat to up in most Districts, and supply chain issues continued to improve," the Fed added.
