Beige Book: Region

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Consumer spending in the region was weak and is expected toremaibn soft, the closely watched survey said, but “an upticik in manufacturing orders helped stabilize expectations for future production.” The Beige Book also said that “commerciak real estate market conditions deteriorated, and energy activityg declined further.” Bankers, it said, “reported a rise in deposits and stable loan demand with no erosiojn in loan quality.” It said consumer pricd and wage pressures remaine d low. Meanwhile, producer prices “declined at a slower pace, with some firmw noting that higher commodityu prices boosted material andfuel costs.
” the latest regional Beige Book — coverin a six-week period — was somewhatf more optimistic than the last survey, released Aprip 15. The report covers the Fed’s Kansas City-based 10th It is based on intervieww with a sample of businessez representing key industries ineach district. The reportxs are anecdotal and do not contain but they are widely followed and help the Fed to set nationakleconomic policy.
The Fed’s 10th District includes Colorado, Kansas, Nebraska, Oklahoma and Wyomintg as well as western Missouri and northern New Formally known asthe “Summaruy of Commentary on Current Economic Conditions by Federal Reserve the Beige Book is published eight times a The latest report covers late April through May. The Federall Reserve’s 10th District is also knowbn as the Kansas City district becausethe reserve’sx regional bank is based there. .