Fed Beige Book: Economy Still Growing, So Are Recession Fears

The US economy has expanded at a modest pace since mid-May, the Federal Reserve said in its latest Beige Book report. But while the economy continues to grow, it has been exhibiting signs of a slowdown over the past month. And recession concerns are rising, the report said.

FedRes The latest temperature check by the Fed on the state of the economy comes as it pushes ahead with a series of interest rate hikes that are aimed at cooling demand, which is also stoking concerns of a recession.

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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