The Fed's Beige Book: A Cooling US Economy

Inflation has weakened substantially and especially what really mattered from the point of view of investors was that the core measure also came down to 4.8%, which was the lowest since 2021. That's in line with where things were before COVID. Bond investors are looking at it as a ready path to not only an end to the Fed's likes, but also move towards when will they cut rates because they have done enough. And just lay her into that picture for us Garfield, the Fed's beige book shows a cooling US economy.