Archive for the ‘Six Weeks’ tag
U.S. Fed’s Beige Book is Downbeat, But Few Surprises
Economic conditions across the U.S. “slowed somewhat,” according to
the Fed’s Beige Book on Wednesday. Five of the 12
districts were said to have weakened since the last report six weeks ago,
while Chicago’s economy was “sluggish” and growth in Kansas City had
moderated. The remaining three districts saw slight increases in
activity.
Residential real estate markets “remained sluggish in
a majority of districts,” the report said, with residential real estate
lending and consumer lending showing more weakness than commercial
lending.
Preview: Fed’s Beige Book to Confirm Broad-Based Softness in Economy
Economists largely agree that the Beige Book document
to be released Wednesday by the Federal Reserve won’t reveal anything
new. It will likely say that economic conditions are generally soft
across the country, with a few pockets of exceptional weakness and
moderate growth, economists say.
The last Beige Book was released on April 16 and covered the U.S.
economy for the six weeks ending on April 7. It contained commentary
stating that…