Fed: Economic weakness in overall consumer stressful.

Federal Reserve (Fed) 11 Beige Book released economic report, the impact of rising food and energy prices, consumer, labor market weakness, in May the overall U.S. economy is still weak. .However, retailers to pass on to consumers the cost of limited capacity, did not show overall inflation situation. .<P Style=MARGIN: 0px> <P style=MARGIN: 0px target=_blank> </ P> </ P> <P style=MARGIN: 0px> Beige Book is a set of analysis and data in the part of the Fed .governing the basis of these analysis and data in the June 23 to 25-day policy meeting on interest rates. .Analysts expect the Fed to keep benchmark interest rate will be unchanged. .</ P> <P> (http://finance.) Beige Book said the district report shows that by the end of April to May of economic activity remained generally weak. .The report is the Federal Reserve Bank of Richmond Management (Richmond Fed) as of June 2 according to the information collected written. .</ P> <P> in 12 areas, there are seven regional economic weakness, five regional Fed branches of economic stability in the region report. .The Beige Book released last month has improved from last month, announced last month nine regional slowdown in economic growth. .</ P> <P style=MARGIN: 0px> same time, despite the manufacturer's general increase in input prices, but retailers the ability of these costs onto consumers still appears to be limited, suggesting that inflation was not seriously affect the economy .. .But Fed officials warn of inflation may be psychological self-realization. .These warnings have led to the financial markets bet there will be many times this year to raise interest rates later. .</ P> <P> Beige Book said the manufacturing sector is still under pressure, export growth to some extent make up for housing-related products, the impact of weak demand. .4-5 months the housing market remains under pressure, the demand for commercial real estate mixed, some districts reported that the decline in demand. .The labor market remains weak, in poor condition in most parts of the employment, wage growth is limited. .Fed said that except for a few skilled jobs, most jobs are more moderate wage growth, or limited. .</ P> <P> but there are some industries doing well. .Fed said that while the weather is not ideal, but in most areas of the agricultural situation improved. .Fed added that many districts are still strong growth in the energy industry, Dallas Federal Reserve Bank report points out that oil drilling reached the highest level in two decades. .</ P> <P> Fed Beige Book contents of the support of the financial market expectations that policy makers in the June 24-25 meeting of the official interest rate will remain unchanged, as they will be considering the rise in inflation and .weak growth factors. .However, before the end of the financial markets increasingly believe that borrowing costs will rise, the futures market is expected to raise interest rates as early as September. .</ P>.