Federal Reserve Beige Book: Middle East conflict boosts inflation pressure, U.S. economy maintains moderate growth.

According to the latest "Beige Book" released by the Federal Reserve on Wednesday, although the overall US economy is still expanding, the rise in energy prices caused by conflicts in the Middle East is becoming a major factor driving inflation rekindling. At the same time, concerns about the future economic outlook have increased among businesses and consumers, indicating that the US economy is facing the challenge of balancing growth and inflation.