aleksanovlsys.blogspot.com
Consumer spending in the region was weak and is expectesd toremain soft, the closely watches survey said, but “an uptick in manufacturinbg orders helped stabilize expectations for futures production.” The Beige Book also said that “commercialo real estate market conditions deteriorated, and energy activith declined further.” Bankers, it said, “reported a rise in depositsa and stable loan demand with no erosiojn in loan quality.” It said consumerf price and wage pressures remained low. Meanwhile, producer prices “declinef at a slower pace, with some firms notinf that higher commodity prices boosted material andfuel costs.
” the latest regional Beige Book — coverin a six-week period — was somewhat more optimistic than the last survey, released April 15. The report covers the Fed’s Kansas City-based 10th District. It is based on interviewse with a sample of businesses representing key industries ineach district. The reportd are anecdotal and do not contain but they are widely followed and help the Fed to set nationalpeconomic policy.
The Fed’s 10th Districg includes Colorado, Kansas, Nebraska, Oklahoma and Wyomint as well as western Missouri and northern New Formally known asthe “Summary of Commentar on Current Economic Conditions by Federa l Reserve District,” the Beige Book is published eightr times a year. The latesgt report covers late Aprilthrough May. The Federal Reserve’s 10th District is also known as the Kansaz City district becausethe reserve’s regional bank is basedc there. .
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment