From early April to mid-May, the US economy experienced growth, according to the Federal Reserve's Beige Book. However, the pace of expansion varied across regions. Employment saw a slight increase overall, with eight districts reporting modest gains and four showing no change. Workers have leveraged their positions to negotiate higher wages.

Price growth remained moderate, with the Fed expecting this trend to continue in the short term.

The Beige Book, which compiles insights from the twelve regional Federal Reserve banks, helps prepare for the next Fed meeting on June 11-12. Doubts are increasing about potential interest rate cuts this year, with initial market expectations of six cuts now reduced to one or two due to persistent inflation.

You can hear the begging all over the world to lower interest rates quickly. the pressure is increasing, especially in the eurozone, where the first interest rate move will be made in June and the hope is that the Americans will coordinate with them to devalue their currency.