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Real-time News
January 15th - The Federal Reserves Beige Book showed that overall economic activity in eight of the 12 Federal Reserve districts increased at a slight to moderate pace, three districts reported no change, and one district reported a moderate decline. This is an improvement over the previous three reporting periods, when most districts reported little change in economic activity. The Beige Book indicated a slightly optimistic outlook for future activity, with most districts expecting modest to moderate growth in the coming months. The Beige Book also showed that most banks reported slight to moderate growth in consumer spending this period, primarily due to the holiday shopping season; recent employment conditions were largely unchanged, with eight of the 12 districts reporting no change in hiring activity; and prices increased at a moderate pace in the vast majority of districts, with only two districts reporting slight price increases. Cost pressures from tariffs were a common problem across all districts.Market news: A U.S. judge has refused to immediately grant Minnesotas request to block ICE enforcement operations in the state.According to the Wall Street Journal, senior European diplomats are “completely confused” about U.S. plans regarding Iran.A U.S. court said a judge will rule on Thursday via telephone hearing on the request for a temporary injunction against Statoils offshore wind farm.On January 15th, the Polish Foreign Ministry issued a statement on the evening of January 14th, urging Polish citizens to leave Iran immediately and advising against travel to Iran. That same evening, the Italian Foreign Ministry also issued a statement urging its citizens to leave Iran. Also that day, the Spanish Foreign Ministry announced that the Spanish government had formally advised all its citizens currently in Iran to leave the country as soon as possible. Reports also indicated that the UK had closed its embassy in Tehran. Previously, the United States, France, and other countries had issued similar security warnings.