Fed report details current economic conditions across the US


Fed “Beige Book” @ 2:00 pm ET

The U.S. economy is growing unevenly, with more than half the regions of the country expanding modestly while others are struggling to grow.

A new survey by the Federal Reserve finds that seven of the Fed’s 12 regions reported moderate improvements in business activity. Three regions — Philadelphia, Richmond and Cleveland — described economic activity as mixed or steady. Only two regions — Atlanta and Dallas — suggested economic growth was slow.

The new survey notes that the economy isn’t weakening but is growing too sluggishly to drive down the high unemployment rate.

 

Published by Seth Jacobs

Mortgage Broker, Disc Golfer and First Person Shooter Fan living in Vacationland.

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