Fed Beige Book: Economic activity expanded in March, housing results mixed

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The Federal Reserve released the latest Beige Book on Wednesday which contained the following summation of U.S. economic activity [emphasis. "somewhat weaker;" housing is declining or "holding.

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The Beige Book is a collection of anecdotes about the economy compiled by each of the Fed’s 12 District banks. The report indicated that manufacturing activity generally expanded, and employment.

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The description: Most of the Federal Reserve’s 12 district banks reported economic activity expanded at a "slight-to-moderate" pace in March and early April, according to the Federal Reserve.

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Beige Book – March 7, 2018. Overall Economic Activity Economic activity expanded at a modest to moderate pace across the 12 Federal Reserve Districts in January and February. Consumer spending was mixed, as non-auto retail sales increased in just over half of the Districts while auto sales.

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The Federal Reserve released its latest Beige Book Wednesday, with Fed’s comprehensive look at the nation’s economy showing that economic activity expanded in March, while the housing results.

Beige Book: Economic Activity Expands across Most Regions – Economic activity expanded across most regions and sectors from early January through mid-February, according to the latest issue of the Beige Book, which surveys conditions in each of the 12 Federal Reserve districts.Six districts, including the St. Louis District, 1 reported that their local economies expanded at moderate paces.

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