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University of Bridgeport Textbooks > Summary of Commentary on Current Economic Conditions

Summary of Commentary on Current Economic Conditions

ISBN:132983352X

ISBN13:9781329833524

Publisher:Lulu Enterprises Inc.

Author:Federal Reserve Federal Reserve System

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Summary of Commentary on Current Economic Conditions Description

Reports from the twelve Federal Reserve Districts indicated that economic activity has expanded in nine of the Districts since the previous Beige Book report and contacts in Boston were described as upbeat. Meanwhile, New York and Kansas City described economic activity in their Districts as essentially flat. Atlanta and San Francisco characterized the growth in their Districts as moderate; Philadelphia, Cleveland, Richmond, Chicago, St. Louis, Minneapolis, and Dallas described their Districts' growth as modest. Contacts' outlooks for future growth remained mostly positive in Boston, Philadelphia, Atlanta, Chicago, Kansas City, and Dallas. Growth of consumer spending ranged from slight to moderate in most Districts, while auto sales were somewhat mixed, as activity has begun to drop off from previously high levels in some Districts. Reports of tourism activity were also mixed.

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