- Beige Book: the Fed is optimistic that the U.S. economy is on right track
Market news
16 July 2015
Beige Book: the Fed is optimistic that the U.S. economy is on right track
The Federal Reserve released its Beige Book on Wednesday. The Fed was optimistic that the U.S. economy is on right track.
According to the report, economic activity expanded in all regions.
Manufacturing activity was uneven.
Consumer spending rose, housing market was steady, while lending activity increased.
Employment was improving in each of the Fed's 12 districts, while wage pressure remained "modest".
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