US economy little changed in recent weeks -Fed survey
© Reuters. FILE PHOTO: An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo
The economy-is-nearing-stall-speed vibe of Wednesday's report is somewhat at odds with a slew of government data in recent weeks that suggests the U.S. economy is gaining steam despite Fed interest-rate hikes designed to slow it. As of their last meeting, in September, most policymakers felt they'd likely need to raise interest rates one more quarter of a percentage point before the end of 2023.
Those higher yields mean steeper borrowing costs for households and businesses, helping the Fed's inflation fight by blunting demand for borrowing and hiring, some Fed policymakers have said - potentially mooting the need for any further rate hike.
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