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4 Sep 2014
US recovery remains firm – Danske Bank
FXStreet (Edinburgh) - Morten Helt, Senior Analyst at Danske Bank, reviewed the recent release of the Fed’s Beige Book.
Key Quotes
“In Fed’s Beige Book released last night, all 12 districts reported growing activity during the summer, which is a sign of a continued recovery in the US economy in H2”.
“However, ‘none of the districts pointed to a distinct shift in the overall pace of growth’, the report states, suggesting that there will be no acceleration into a new phase of rapid expansion”.
“In respect of the labour market, districts reported little change in wage pressures but nearly all reported difficulties finding certain types of skilled labour”.
Key Quotes
“In Fed’s Beige Book released last night, all 12 districts reported growing activity during the summer, which is a sign of a continued recovery in the US economy in H2”.
“However, ‘none of the districts pointed to a distinct shift in the overall pace of growth’, the report states, suggesting that there will be no acceleration into a new phase of rapid expansion”.
“In respect of the labour market, districts reported little change in wage pressures but nearly all reported difficulties finding certain types of skilled labour”.