Fed Beige Book: Majority of districts said firms expressed positive near-term outlook
|According to the Federal Reserve’s Beige Book about the state of the economy, based on information collected before May 22nd (2017), most Fed districts reported their economies continued to expand at a modest or moderate pace from early April through late May.
Key headlines (via Reuters):
- Consumer spending softened; majority of districts reported moderate growth in manufacturing and in most nonfinancial service sectors
- Majority of districts said firms expressed positive near-term outlook
- Most districts cited worker shortages across a broadening range of occupations and regions
- Most districts reported employment and wages continued to grow at a modest to moderate pace
- Pricing pressures were little changed on balance, with most districts reporting modest increases
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.