According to Jinshi, the latest Beige Book of the Federal Reserve shows that U.S. economic activity continued to expand from early April to mid-May, but corporate pessimism about the future has increased, while inflation has risen moderately. Central bank officials are considering how long to keep interest rates at current levels. The Beige Book said that national economic activity continued to expand, but the situation varied across industries and regions, and the overall outlook has become more pessimistic. Federal Reserve officials need to see encouraging inflation data continue to appear in the coming months before they will cut interest rates. The current inflation rate is still nearly one percentage point higher than the 2% target.