INSUBCONTINENT EXCLUSIVE:
Economic activity in the United States showed little change from September to early October
Businesses noted an increase in hiring, continuing recent trends.These developments have strengthened expectations that the Federal Reserve
inflationary pressures have continued to ease
This is a crucial issue for voters as the November 5 presidential election approaches.The Fed reported on Wednesday that economic activity
remained mostly stable across nearly all districts since early September, although two districts experienced modest growth.This information
Economic Activity Remains Steady Amid Election Concerns
(Photo Internet reproduction)Despite high uncertainty, contacts expressed slightly more optimism about long-term prospects
Last month, the Fed began an easing cycle by reducing its interest rate by 0.50 percentage points to a range of 4.75% to 5.00%.Economic
Outlook and Federal Reserve ActionsThis move followed concerns about the labor market
Previously, the Fed had raised rates by 525 basis points in 2022 and 2023 to combat high inflation.Stronger-than-expected economic data on
consumer spending, job gains, and inflation have led investors to lower their expectations for the pace and extent of rate cuts.In
job creation increased more than it had in six months, unemployment fell to 4.1%, and retail sales rose solidly.The resilient economy has
been supported by steady income growth and substantial household savings
Although labor market dynamics have slowed, mass layoffs remain historically low, supporting wage gains.Currently, investors anticipate that
the Fed will cut its benchmark rate by 0.25 percentage points at its policy meeting on November 6-7, with another reduction of the same size
expected in December.The Fed aims to keep the economy running smoothly and unemployment low while steering inflation back toward its 2%
