It’s that time again: the Fed’s Beige Book is out
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No joke one of my favorite days of the economic year because the Fed came out with the Beige Book today — its eight-times-a-year regional breakdown of the U.S. economy.
Here, courtesy of the Real Time Economics blog at Wall Street Journal, are some of the highlights.
From the Boston Fed this quote:
“A manufacturer of frozen fish reports weak retail sales in the second quarter attributed partly to unseasonably warm weather which led people to eat out more.”
From Minneapolis Fed:
“Minot, ND, saw renewal of a shopping center in spite of slowed activity in nearby oil fields.”
A casino in South Dakota, though, saw a drop in traffic.
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