While the latest Beige Book reports from the Federal Reserve Banks indicate that the economy remained weak or contracted further before April 6, five of the 12 Districts noted that the pace of decline was moderating. Several Districts reported signs that activity in some sectors was stabilizing.
The report is a compilation of conditions across all 12 Federal Reserve Districts in the U.S.
Here’s an overview of the report:
Manufacturing activity weakened across a broad range of industries in most Districts, with only a few exceptions. Cleveland noted some leveling off, and the New York and Dallas Districts reported demand was beginning to bottom out following steep declines.
Residential real estate markets continued to be weak. Home …
Latest Beige Book Shows Some Signs of Stability
While the latest Beige Book reports from the Federal Reserve Banks indicate that the economy remained weak or contracted further before April 6, five of the 12 Districts noted that the pace of decline was moderating. Several Districts reported signs that activity in some sectors was stabilizing.
The report is a compilation of conditions across all 12 Federal Reserve Districts in the U.S.
Here’s an overview of the report:
Manufacturing activity weakened across a broad range of industries in most Districts, with only a few exceptions. Cleveland noted some leveling off, and the New York and Dallas Districts reported demand was beginning to bottom out following steep declines.
Residential real estate markets continued to be weak. Home …
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