• Fed finds nationwide pickup in manufacturing activity

    25 days ago - By Chron

    WASHINGTON - The Federal Reserve's latest survey of business conditions found manufacturing activity accelerating in many parts of the country in late April and early May, even as some businesses expressed concern about uncertainty cause by rising trade tensions.
    The Fed said Wednesday that its survey described the economy as expanding at a moderate pace with more than half of the central bank's 12 regions reporting a pickup in industrial activity and a third of those districts describing manufacturing conditions as "strong."
    The survey was taken after the Trump administration announced...
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  • US factories shift into 'higher gear' despite trade worries, Fed says

    25 days ago - By CNBC

    U.S. factories ramped up production in late April and early May despite the risk of a global trade war, the Federal Reserve said in its "Beige Book" summary.
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  • Fed's Beige Book: "Economic activity expanded moderately", "concern about trade policy"

    25 days ago - By Calculated Risk

    Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Cleveland based on information collected on or before May 21, 2018."
    Economic activity expanded moderately in late April and early May with few shifts in the pattern of growth. The Dallas District was an exception, where overall economic activity sped up to a solid pace. Manufacturing shifted into higher gear with more than half of the Districts reporting a pickup in industrial activity and a third of the Districts classifying activity as "strong." Fabricated metals, heavy industrial machinery, and electronics...
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