Fed’s Beige Book: Economic activity was little changed overall in April and early May – by MSalordFX Fed CentralBanks Macroeconomics
Key takeaways from the Beige Book: was little changed overall in April and early May. Four Districts reported small increases in activity, six no change, and two slight to moderate declines. Expectations for future growth deteriorated a little, though contacts still largely expected a further expansion in activity. Consumer expenditures were steady or higher in most Districts, with many noting growth in spending on leisure and hospitality.
Home prices and rents rose slightly on balance in most Districts, after little growth in the prior period.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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