U.S. Economic Activity Expands at Slight to Moderate Pace in 11 of 12 Fed Districts
The Fed’s latest Beige Book shows economic activity expanded at a slight to moderate pace in 11 of 12 districts in late May and June, while 1 district reported no change.
Price growth was moderate overall, with 9 districts reporting moderate increases, 2 citing robust growth, and 1 showing slight growth, compared to the same or slower pace in the previous period across all districts. Employment rose overall, with 5 districts reporting hiring gains while 7 saw little to no change in labor market conditions. Business contacts expect growth to continue despite uncertainty over elevated fuel costs.
From the sources (4 posts)
@zerohedgeBeige Book: "Economic activity increased at a slight to moderate pace in eleven of twelve Federal Reserve Districts in late May and June, while one District reported no change"
@financialjuiceFed Beige Book: Economic activity increased at a slight to moderate pace in eleven of twelve Federal Reserve districts in late May and June, while one district reported no change.
@financialjuiceFed Beige Book: Prices increased moderately overall, with nine districts reporting moderate growth, two robust growth, and one slight growth; compared with the last reporting period, price growth was the same or slower in all districts.
@firstsquawkFED BEIGE BOOK SHOWED THE U.S. ECONOMY EXPANDED AT A SLIGHT TO MODERATE PACE ACROSS MOST DISTRICTS, WITH CONTACTS EXPECTING GROWTH TO CONTINUE DESPITE ELEVATED FUEL COST UNCERTAINTY. EMPLOYMENT ROSE OVERALL, WITH FIVE FED DISTRICTS REPORTI