Fed's Beige Book Indicates Modest Economic Growth

September 6, 2023 | markets.businessinsider.com

Credit: Federal Reserve.

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The Federal Reserve released its Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, on Wednesday (9/6).

The Beige Book said contacts from most Fed districts indicated economic growth was modest during July and August. While consumer spending on tourism was stronger than expected, the report said other retail spending continued to slow, especially on non-essential items. Read More: Click Here NJ SEED: The Beige Book is a Federal Reserve System publication about current economic conditions across the 12 Federal Reserve Districts. It is always an informative discussion of the economy – present and future. To read the full report or its summary - https://www.federalreserve.gov/monetarypolicy/beigebook202309.htm