Fed's Beige Book: Economic Growth "moderate or modest", "concern about tariffs", "Shrinking Margins"

Concern about tariffs. Shrinking margins. Slow growth in existing home sales. Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Boston based on information collected on or before July 9, 2018. " Economic activity continued to expand across the United States, with 10 of the 12 Federal Reserve Districts reporting moderate or modest growth . The outliers were the Dallas District, which reported strong growth driven in part by the energy sector, and the St. Louis District where growth was described as slight. Manufacturers in all Districts expressed concern about tariffs......(read more)

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