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Fed's Beige Book: Economic Activity Remains Generally Weak

Posted on June 11, 2008

From the Fed's Beige Book. Reports from the Federal Reserve Districts suggest that economic activity remained generally weak in late April and May. ... Consumer spending slowed further since the last report. The last report was fairly negative on consumer spending, so to say spending slowed further is significant.On Real Estate and Construction: Residential real estate markets were generally...

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beige book , markets , real estate