Beige Book Paints Pretty Picture
The economy continues to expand in almost every area of the country with little or no additional price pressure, the Federal Reserve said in its Beige Book update Wednesday.
"Reports from all 12 Federal Reserve districts indicate that economic activity continued to expand in June and early July," the Fed noted. Most regions saw improving retail sales, "moderate to solid" expansions in manufacturing, and good demand for loans, the report said.
"Reports from all 12 Federal Reserve districts indicate that economic activity continued to expand in June and early July," the Fed noted. Most regions saw improving retail sales, "moderate to solid" expansions in manufacturing, and good demand for loans, the report said.
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