The Federal Reserve released the beige book today, which is its periodic look at the U.S. economy on a regional basis, released eight time per year.
There are always great tidbits in there that the Wall Street Journal pulls out so we don’t have to.
Here are some highlights:
- In Pennsylvania, analysts said this may be the first year in which a majority of households eat their turkey and pumpkin pie at restaurants rather than at home.
- Logistics and delivery companies in the Atlanta region said recent growth was driven mostly by e-commerce. Duh.
- And average daily hotel room rates in Southern California are back to where they were before the recession, but holiday bookings by Western Europeans are down from last year.
Come on, how could you not love the Fed?