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 final 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
a majority of districts,” the report said, with residential real estate
lending and consumer lending showing more weakness than commercial
lending.
Original post by Mortgage News Daily - Mortgage And Real Estate News
Related Articles
Preview: Fed’s Beige Book to Confirm Broad-Based Softness in Economy U.S. Fed’s Beige Book Says Economy “Generally Weak” With 7 Districts Slowing Stocks tank after Fed Beige Book doesn’t tip of a rate cut Wednesday’s Events: Fed’s Beige Book, Fed & ECB Speakers, Canadian Q1 Cap. U. Wednesday’s Events: Canadian CPI, DOE Oil, Fed’s Beige Book
No comments yet. Be the first.
Leave a reply
