esivyjifag.wordpress.com
Consumer spending in the region was weak and is expecterd toremain soft, the closely watcherd survey said, but “an uptick in manufacturiny orders helped stabilize expectationsa for future production.” The Beige Book also said that “commercia real estate market conditions and energy activity declined further.” it said, “reported a rise in deposit s and stable loan demand with no erosion in loan quality.” It said consumeer price and wage pressureds remained low.
Meanwhile, producer prices “declined at a slowetr pace, with some firms noting that higher commoditty prices boosted material andfuel Overall, the latest regional Beige Book — coverinhg a six-week period — was somewhar more optimistic than the last released April 15. The report covers the Fed’s Kansas City-basedr 10th District. It is based on interviewxs with a sample of businesses representing key industrie ineach district. The reportz are anecdotal and do not contain but they are widely followed and help the Fed to set nationapleconomic policy.
The Fed’s 10th District includess Colorado, Kansas, Nebraska, Oklahoma and Wyominhg as well as western Missouri and northernNew Mexico. Formallyh known as the “Summary of Commentary on Current Economic Conditions by Federal Reserve the Beige Book is publishedx eight timesa year. The latest report coverws late Aprilthrough May. The Federal Reserve’as 10th District is also known as the Kansas City districft becausethe reserve’s regional bank is based there. .
No comments:
Post a Comment