Fed's Beige Book: Economic Growth "modest to moderate", Some Housing Weakness

Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Richmond based on information collected on or before October 15, 2018. " Economic activity expanded across the United States, with the majority of Federal Reserve Districts reporting modest to moderate growth . New York and St. Louis indicated slight growth, overall, while Dallas reported robust growth driven by strong manufacturing, retail, and nonfinancial services activity. On balance, manufacturers reported moderate output growth; however, several Districts indicated that firms faced rising materials and shipping......(read more)

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