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Beige Book - January 17, 2024
A majority of the twelve Federal Reserve Districts reported little or no change in economic activity since the prior Beige Book period. Of the four Districts that differed, three reported modest growth and one reported a moderate decline. Consumers delivered some seasonal relief over the holidays by meeting expectations in most Districts and by exceeding expectations in three Districts, including in New York, which noted strong holiday spending on apparel, toys, and sporting goods. In addition, seasonal demand lifted airfreight volume from ecommerce in Richmond and credit card lending in Philadelphia. Several ... (full story)
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FED BEIGE BOOK: MAJORITY OF THE TWELVE FEDERAL RESERVE DISTRICTS REPORTED LITTLE OR NO CHANGE IN ECONOMIC ACTIVITY SINCE THE PRIOR BEIGE BOOK PERIOD
— First Squawk (@FirstSquawk) January 17, 2024
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FED BEIGE BOOK: 7 DISTRICTS SAW LITTLE OR NO NET CHANGE IN OVERALL EMPLOYMENT LEVELS, 2 DESCRIBED A TIGHT LABOR MARKET.
— FinancialJuice (@financialjuice) January 17, 2024
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FED BEIGE BOOK: 6 DISTRICTS NOTED SLIGHT OR MODEST PRICE INCREASES. 2 NOTED MODERATE INCREASES.
— FinancialJuice (@financialjuice) January 17, 2024
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FED BEIGE BOOK: CONCERNS ABOUT THE OFFICE MARKET, WEAKENING OVERALL DEMAND, AND 2024 POLITICAL CYCLE WERE OFTEN CITED AS SOURCES OF ECONOMIC UNCERTAINTY.
— FinancialJuice (@financialjuice) January 17, 2024