Fed's Beige Book: Economic Growth "Modest", Labor Market "Tight"

Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Minneapolis based on information collected on or before May 24, 2019." Economic activity expanded at a modest pace overall from April through mid-May , a slight improvement over the previous period. Almost all Districts reported some growth, and a few saw moderate gains in activity. Manufacturing reports were generally positive, but some Districts noted signs of slowing activity and a more uncertain outlook among contacts. Residential construction and real estate both showed overall growth, but both sectors saw wide......(read more)

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