Amid ongoing Congressional testimony by Federal Reserve Chair Jerome Powell on Wednesday, the central bank also released its Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts.
The Beige Book noted the U.S. economy strengthened further from late May to early July, with the pace of growth described as moderate to robust.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.