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Diverse Conditions in Latest Fed Beige Book
Friday, March 4, 2016 6:30 AM

In its latest assessment of the economic climate, the Federal Reserve reported that economic activity ticked upward in most of the Fed’s 12 districts since January. The Beige Book findings were released two weeks ahead of the Federal Open Market Committee’s next meeting March 15-16.

Economic activity was described as moderate, mixed, and modest by most districts, with New York and Dallas reporting flat activity and Kansas City experiencing a modest decline.

“Across the nation, business contacts were generally optimistic about future economic growth,” the report said.

Loan demand increased in most districts, and credit quality remained steady as well. Consumer spending increased in the majority of districts since the previous report, and the effects of lower gas prices were mixed. Most districts experienced slight to strong wage growth, pushing wages upward with the exception of Kansas City, Richmond, and Atlanta.

For more on the report, please visit the Federal Reserve website.