Fed Beige Book: Economic activity expanded in March, housing results mixed

During weeks when the Federal Reserve’s Beige Book is released, the On the Economy blog features a post based on the book on Wednesday in lieu of the regularly scheduled Thursday post. Economic activity expanded in several Federal Reserve districts, according to the most recent Beige Book. The Richmond and San Francisco districts reported moderate growth, while the Cleveland, Atlanta, Chicago and Minneapolis districts reported modest growth.

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The economic statistics presented in this report are subject to revision by the agencies that issue them.. W 6/4/14 Fed’s Beige Book Jun N/A N/A N/A Activity expands at modest to moderate. U.S. manufacturing activity expanded for the twelfth straight month in.

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beige book report: San Francisco. April 17, 2019. Summary of Economic Activity Economic activity in the Twelfth District continued to expand at a moderate pace during the reporting period of mid-February through March. Conditions in the labor market remained tight, hiring activity remained generally stable, and wage growth was moderate.

Fed’s Beige Book "Prepared at the Federal Reserve Bank of Kansas City and based on information collected before February 22, 2016." Reports from the twelve Federal Reserve Districts continued to indicate that economic activity expanded in most Districts since the previous Beige Book report.

The Beige Book repeated that the economy continues to expand at a moderate pace, amid promises from the new administration to return the economy to 3% growth. It has been a busy week for Fed news.

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Economic activity expanded moderately, with a pickup in demand seen in the housing and financial services sec-tors. Retail sales were flat, and growth in nonfinancial services slowed. Hiring continued at a moderate pace, and wage pressures remained elevated. Outlooks stayed positive or improved except for the nonfinancial services sector.

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The Fed’s beige book spoke of further contraction in economic activity, with nine of 12 districts reporting slowing growth.

It characterizes regional economic conditions and prospects based on a variety of mostly qualitative information, gathered directly from District sources. According to the Federal Reserve’s Beige Book report, economic activity expanded at a slight-to-moderate pace in March and early April.