The Fed reports (weak) growth in economy
This final note today, about the Fed’s Beige Book, something that, honestly, we ordinarily only mention when we’ve got extra time to fill. The Fed’s regional report on the American economy that came out today was remarkable for its uniformity.
For the first time in I don’t know how long, any good news the Beige Book’s had to offer in one part of the country was tempered by weakness in one or more other parts. Not today. The Fed reports economic growth everywhere. It’s weak. But growth all the same.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.