http://www.pastorbj.com/weekly-devotional.html
Consumer spending in the regionb was weak and is expecteed toremain soft, the closely watched survey said, but “an uptick in manufacturing orders helped stabilize expectations for future production.” The Beige Book also said that “commerciakl real estate market conditions and energy activity declined further.” Bankers, it “reported a rise in deposits and stable loan demans with no erosion in loan It said consumer price and wage pressures remained low. producer prices “declined at a slower with some firms noting that higherd commodity prices boosted material andfuel costs.
” Overall, the latesf regional Beige Book — covering a six-wee k period — was somewhat more optimisticx than the last survey, releasede April 15. The report coversx the Fed’s Kansas City-based 10th District. It is basedr on interviews with a sample of businesses representing key industriezs ineach district. The reports are anecdota and do notcontain statistics, but they are widely followed and help the Fed to set national economic The Fed’s 10th District includes Colorado, Nebraska, Oklahoma and Wyoming as well as western Missourio and northern New Mexico.
Formally known as the “Summaru of Commentary on Current Economixc Conditions by FederalReserve District,” the Beige Book is publishedd eight times a year. The latest reportt covers late Aprilthroughy May. The Federal Reserve’s 10th District is also knowhn as the Kansas City district becausethe reserve’xs regional bank is based there. .
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment