The widely anticipated Federal Reserve Board's Beige Book compilation was issued within the past hour, and that summation of economic activity across this nation indicated that growth had
continued at a gradual pace during July and early August.
Not exact matches
In his first speech on the economy since taking over
at the Federal Reserve, Chairman Jerome Powell said Friday that growth is running
at a solid
pace and
continued gradual rate hikes will be necessary.
«The statement carried only modest changes in wording, but they were meaningful nonetheless, highlighting that the Fed is optimistic on the outlook and intent on
continuing to raise rates
at a
gradual pace,» said Westpac analyst Elliot Clarke.
«They think things are balanced right now and for the foreseeable future» in the context that they will
continue to move interest rates higher
at a
gradual pace, he added.
The Committee currently expects that, with
gradual adjustments in the stance of monetary policy, economic activity will expand
at a moderate
pace and labor market indicators will
continue to strengthen.
The Committee
continues to expect that, with
gradual adjustments in the stance of monetary policy, economic activity will expand
at a moderate
pace, and labor market conditions will strengthen somewhat further.
«This month's report shows that single - family starts
continue to move forward
at a
gradual, consistent
pace,» said Robert Dietz, chief economist
at the National Association of Home Builders (NAHB), in a statement.
Consequently, the Committee
continues to expect that, with
gradual adjustments in the stance of monetary policy, economic activity will expand
at a moderate
pace, and labor market conditions will strengthen somewhat further.
«With ongoing job creation, increasing owner - occupied household formation, and a tight supply of existing - home inventory, the single - family housing sector should
continue to strengthen
at a
gradual but consistent
pace.»
«With ongoing job creation, increasing owner - occupied household formation, and a tight supply of existing home inventory, the single - family housing sector should
continue to strengthen
at a
gradual but consistent
pace,» said NAHB chief cconomist Robert Dietz.
«The Committee
continues to expect that, with
gradual adjustments in the stance of monetary policy, economic activity will expand
at a moderate
pace and labor market conditions will remain strong,» the statement said.
«With ongoing job creation, increasing owner - occupied household formation, and a tight supply of existing home inventory, the single - family housing sector should
continue to strengthen
at a
gradual but consistent
pace.»
«Today's report confirms that the improvement we have been seeing in housing markets over the past year
continues to take place
at a
gradual and steady
pace,» said NAHB Senior Economist Robert Denk.