• Fed's Beige Book: Economic Growth "modest or moderate", Labor Market "Tightened further"

    7 days ago - By Calculated Risk

    Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Philadelphia based on information collected on or before November 26, 2018."
    Most of the twelve Federal Reserve Districts reported that their economies expanded at a modest or moderate pace from mid-October through late November, though both Dallas and Philadelphia noted slower growth compared with the prior Beige Book period. St. Louis and Kansas City noted just slight growth. On balance, consumer spending held steady - District reports on growth of nonauto retail sales appeared somewhat weaker while auto sales...
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