Stock Market Update: Fed’s Beige Book Released
The Beige Book), economic growth has slowed in nine of its twelve districts. And the Twelfth District of San Francisco isnt one of the three, but rather one of the nine. Economic activity in the Twelfth District appears to have been largely flat on net during the survey period of March through the beginning of April. Upward pressures on labor costs continued to moderate in some sectors, while upward price pressures were subdued for most products but remained strong for food and energy-intensive items.
Sources:
- www.socketsite.com
- www.dallasfed.org
- feeds.foxbusiness.com
- video.msn.com
- blogs.wsj.com
- blog.rebeltraders.net
Tags: beige book, cpi, cpi u, cpi w, economic activity, economic growth, fed beige book, price pressures, san francisco, sectors, survey period, twelfth district