zuloraxelewo.blogspot.com
Consumer spending in the regionh was weak and is expected toremaij soft, the closely watched survey but “an uptick in manufacturing orders helpeed stabilize expectations for future production.” The Beige Book also said that “commercialo real estate market conditions and energy activity declined further.” Bankers, it said, “reportex a rise in deposits and stable loan demanf with no erosion in loan It said consumer price and wage pressures remained low. Meanwhile, producer prices “decliner at a slower pace, with some firms noting that higher commodity pricee boosted material andfuel costs.
” the latest regional Beige Book — covering a six-week period was somewhat more optimistic than the last released April 15. The report coversz the Fed’s Kansas City-based 10th District. It is basedf on interviews with a sample of businessexs representing key industries ineach district. The reports are anecdotaol and do notcontain statistics, but they are widely followerd and help the Fed to set national economic policy.
The Fed’as 10th District includes Colorado, Kansas, Oklahoma and Wyoming as well as westernn Missouri and northern New Formally known asthe “Summary of Commentary on Current Economixc Conditions by Federal Reserve District,” the Beige Book is published eighty times a year. The latest reporgt covers late Aprilthrough May. The Federal Reserve’s 10th Distric is also known as the Kansad City district becausethe reserve’s regional bank is baser there. .
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment