【The Fed Beige Book Confirms Robust US Economy, Reinforcing Fed'S Patient Approach】 January 16Th, The Federal Reserve Stated In Its Beige Book Report Based On A Survey Of Regional Business Contacts That In Late November And December Of Last Year, Economic Activity In The Federal Reserve'S 12 Districts Grew "Modestly Or Moderately," An Improvement From The Previous Version Of The Report Released In Early December.Overall, Employment Rose Slightly During This Period, With Half Of The Federal Reserve'S 12 Districts Reporting A Slight Increase In Hiring And The Other 6 Districts Reporting No Change. Wage Growth Increased In Most Districts.At The Same Time, Regarding Inflation, Prices Rose "Modestly" Overall. Businesses Expect Prices To Continue Rising This Year, With Some Noting That Potential Tariffs Could Pose Upside Risks. The Report Stated, "Most Districts Reported Moderate Increases In Selling Prices, But There Were Also Instances Of Prices Holding Steady Or Declining, Particularly In Retail And Manufacturing."The Financial Times' Currency Policy Radar Team Maintains Its Expectation Of Two Interest Rate Cuts By The Federal Reserve In 2025, With The Expectation That The Two Rate Cuts Will Be Spaced 6 Months Apart.