Beige Book: Overall economic activity increased slightly since late May – by MSalordFX Fed Macroeconomics CentralBanks
were mixed; growth was generally observed in consumer services, but some retailers noted shifts away from discretionary spending.”
This Beige Book will be used for the next FOMC meeting on July 25-26. It mentioned that employment increased modestly and prices increased at a modest pace overall, with “ several Districts noted some slowing in the pace of increase.”expanded at a slight pace in recent weeks, with modest increases in employment and roughly even prices. Consumer spending increased by a small margin, as retail sales increased modestly and tourism was flat.
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