Cleveland Fed: Business activity up, but high fuel costs are increasing prices, hurting consumers

By: Marty Schladen

Outlets: Ohio Capital Journal

Published: July 20, 2026

Words: 522

Last Updated: 1 month ago

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With data center construction fueling demand for some manufactured goods, overall business activity increased moderately over the past month and a half, the Federal Reserve Bank of Cleveland reported on Wednesday.

But with prices of fuel and other petroleum products remaining high, costs are continuing to rise and consumers find themselves with less money to spend, it reported.

The Cleveland Fed on Wednesday published one of its eight annual installments of the Beige …

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