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US Beige Book - July 2024
Economic activity maintained a slight to modest pace of growth in a majority of Districts this reporting cycle. However, while seven Districts reported some level of increase in activity, five noted flat or declining activity—three more than in the prior reporting period. Wages continued to grow at a modest to moderate pace in most Districts, while prices were generally reported to have risen modestly. Household spending was little changed this period according to most District banks. Auto sales varied across Districts this cycle, but some Districts noted that sales were lower due in part to a cyberattack on ... (full story)
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FED BEIGE BOOK: ECONOMIC ACTIVITY MAINTAINED A SLIGHT TO MODEST PACE OF GROWTH IN A MAJORITY OF DISTRICTS THIS REPORTING CYCLE.
— FinancialJuice (@financialjuice) July 17, 2024
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FED BEIGE BOOK: EXPECTATIONS FOR THE FUTURE OF THE ECONOMY WERE FOR SLOWER GROWTH OVER THE NEXT SIX MONTHS DUE TO UNCERTAINTY AROUND THE UPCOMING ELECTION, DOMESTIC POLICY, GEOPOLITICAL CONFLICT, AND INFLATION.
— FinancialJuice (@financialjuice) July 17, 2024
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FED BEIGE BOOK: PRICES INCREASED AT A MODEST PACE OVERALL, WITH A COUPLE DISTRICTS NOTING ONLY SLIGHT INCREASES.
— FinancialJuice (@financialjuice) July 17, 2024
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- Posted: Jul 17, 2024 2:00pm
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