Potential for disappointment is increasing!: Fed economic report shows

While the “Beige Book” fueled new concerns about the US economy, the head of the San Francisco Fed, Mary Daly, tried to calm the situation. Despite a slowdown, the US labor market remains robust.

At the end of the trading day on Wall Street, concerns about the US economy prevailed. The Dow Jones index ended up down 0.1 percent, closing at 40,974 points. The technology-heavy Nasdaq, on the other hand, lost 0.3 percent and the S&P 500 fell 0.2 percent. The reason for the new assurance is a passage from the “Beige Book”, the economic report of the American Federal Reserve: “Economic activity increased slightly in three districts, while the number of districts reporting stagnant or declining activity increased from five in the previous period to nine in the current period.”

Potential for disappointment from the Fed increases

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