Feds beige book reports slighttomoderate growth despite. The feds latest beige book suggests that remains the case. Reports from contacts indicate that overall economic conditions have been mixed. The latest release of the federal reserves beige book suggested modest to moderate economic growth, with strong retail sales and increased demand for professional services indicating ongoing. Growth in economic activity in the seventh district remained at a moderate pace in january and early february, and contacts expected growth to continue at that pace over the next 6 to 12 months. Feds beige book shows modest economic growth the new. The report suggests businesses are confident in their prospects. Employment and manufacturing production increased moderately, business spending rose modestly, construction and real estate activity grew slightly, and consumer spending was down slightly. Growth in the regional economy picked up to a moderate pace. This announcement suggests that the fed is concerned that. And agriculture and energy firms reported little change over the period. Most of the federal reserves 12 district banks reported economic activity expanded at a slighttomoderate pace in march and early april, according to the federal reserves beige book report, released wednesday. The feds agricultural contacts expressed concern over the impact of current and future rainfall on the sector.
Banks reported loan volumes were steady or growing moderately. Growth throughout most of the feds regional 12 districts expanded at a. Most of the feds 12 regional districts have seen either modest or moderate growth since late february, according to the feds beige book. The fed chooses its words carefully, so its safe to assume that there was a distinction being made when the atlanta fed said growth was moderate and the philadelphia fed said growth was modest in the jan. Since the previous beige book, the fifth district economy has continued to expand at a moderate pace. The fed survey, known as the beige book, found that six of its 12 regions had reported moderate growth with modest gains seen in most other areas. How well does the beige book reflect economic activity. On balance, reports from federal reserve districts suggested that the economy expanded at a modest. The latest edition of the federal reserves fed beige book. Feds beige book reports continued modest growth wsj. Reports from the feds contacts suggested sluggish sales for. Feds beige book says us economy continues to expand modestly. Manufacturing remained weakened by trade uncertainties with some areas.