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Atlanta
2024-05-29T00:00:00
/beige-book-reports/2024/2024-05-at
"May 29, 2024\nSummary of Economic Activity\nThe economy of the Sixth District grew slowly since the previous report. Labor market tightness eased, and wage growth slowed somewhat. Cost growth continued to moderate, but most nonlabor costs remained elevated. Firms' pricing power was mixed. Widespread concerns about hou...
Chicago
2024-05-29T00:00:00
/beige-book-reports/2024/2024-05-ch
"May 29, 2024\nSummary of Economic Activity\nEconomic activity in the Seventh District increased slightly overall in April and early May, and contacts generally expected a similar rate of increase over the next year. Employment and construction and real estate activity were up modestly; business and consumer spending r...
Dallas
2024-05-29T00:00:00
/beige-book-reports/2024/2024-05-da
"May 29, 2024\nSummary of Economic Activity\nEconomic activity in the Eleventh District was flat to up slightly over the reporting period. Some growth was seen in the manufacturing, banking and energy sectors, while activity in nonfinancial services was flat, and declines were seen in retail sales. Home sales remained ...
Minneapolis
2024-05-29T00:00:00
/beige-book-reports/2024/2024-05-mi
"May 29, 2024\nSummary of Economic Activity\nThe Ninth District economy grew slightly since the previous report. Employment grew slightly, and labor demand continued to moderate. Price pressures increased moderately, and wage growth was also moderate. Commercial and residential construction improved slightly. Consumer ...
National Summary
2024-05-29T00:00:00
/beige-book-reports/2024/2024-05-su
"Beige Book: National Summary\nMay 29, 2024\nThis report was prepared at the Federal Reserve Bank of Dallas based on information collected on or before May 20, 2024. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Reserve offici...
Cleveland
2024-05-29T00:00:00
/beige-book-reports/2024/2024-05-cl
"May 29, 2024\nSummary of Economic Activity\nOn balance, the Fourth District economy expanded slightly in recent weeks, somewhat more slowly than it had during the prior reporting period. Moreover, contacts expected slower growth to continue in the months ahead. Contacts often attributed both the slowdown in growth and...
St Louis
2024-05-29T00:00:00
/beige-book-reports/2024/2024-05-sl
"Beige Book Report: St Louis\nMay 29, 2024\nSummary of Economic Activity\nEconomic activity across the Eighth District continued to increase slightly since our previous report. Employment was unchanged and wages increased slightly. Inflation pressures increased moderately due to higher input costs. Consumer spending wa...
New York
2024-05-29T00:00:00
/beige-book-reports/2024/2024-05-ny
"Beige Book Report: New York\nMay 29, 2024\nSummary of Economic Activity\nOn balance, economic activity in the Second District grew slightly in the latest reporting period. The labor market remained solid, with ongoing slight employment gains and moderate wage growth. Still, labor demand and labor supply continued to c...
San Francisco
2024-05-29T00:00:00
/beige-book-reports/2024/2024-05-sf
"Beige Book Report: San Francisco\nMay 29, 2024\nSummary of Economic Activity\nEconomic activity in the Twelfth District was unchanged on balance during the April through mid-May reporting period. Employment levels were generally flat, and labor was more available. Wages grew slightly, and contacts reported lower goods...
Philadelphia
2024-05-29T00:00:00
/beige-book-reports/2024/2024-05-ph
"May 29, 2024\nSummary of Economic Activity\nOn balance, business activity in the Third District was up slightly, after being steady last period. Employment continued to grow at a slight pace, led by hiring among nonmanufacturers. Wage inflation continued at a modest pace, with wage pressures continuing to moderate. Fi...
Boston
2024-05-29T00:00:00
/beige-book-reports/2024/2024-05-bo
"May 29, 2024\nSummary of Economic Activity\nEconomic activity was about flat on balance, but performance was quite mixed both across and within sectors. Prices increased further at a modest pace, and employment was steady amid slow-to-moderate wage growth. Retail sales softened somewhat, and hospitality activity was s...
Richmond
2024-05-29T00:00:00
/beige-book-reports/2024/2024-05-ri
"May 29, 2024\nSummary of Economic Activity\nThe regional economy grew at a modest rate in recent weeks. Consumer spending on retail, restaurants, and leisure travel increased this period but new vehicle sales were down slightly. Import activity ramped up both from natural growth and from cargo that was diverted from B...
Kansas City
2024-05-29T00:00:00
/beige-book-reports/2024/2024-05-kc
"Beige Book Report: Kansas City\nMay 29, 2024\nSummary of Economic Activity\nThe Tenth District economy expanded at a moderate pace, led by rising household consumption and growth in professional business service activity. Moreover, contacts indicated their employment outlooks were less vulnerable to a deterioration in...
New York
2024-04-17T00:00:00
/beige-book-reports/2024/2024-04-ny
"Beige Book Report: New York\nApril 17, 2024\nSummary of Economic Activity\nOn balance, economic activity in the Second District held steady in the latest reporting period. Labor market conditions remained solid with labor supply and labor demand coming into better balance. Employment continued to grow slightly, and wa...
San Francisco
2024-04-17T00:00:00
/beige-book-reports/2024/2024-04-sf
"Beige Book Report: San Francisco\nApril 17, 2024\nSummary of Economic Activity\nEconomic activity in the Twelfth District continued to grow at a slight pace during the mid-February through March reporting period. Employment levels were little changed, and labor was more available. Wages and prices continued to rise at...
National Summary
2024-04-17T00:00:00
/beige-book-reports/2024/2024-04-su
"Beige Book: National Summary\nApril 17, 2024\nThis report was prepared at the Federal Reserve Bank of Boston based on information collected on or before April 8, 2024. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Reserve off...
Minneapolis
2024-04-17T00:00:00
/beige-book-reports/2024/2024-04-mi
"April 17, 2024\nSummary of Economic Activity\nThe Ninth District economy grew slightly since the previous report. Employment grew slightly, and labor demand was softer. Price pressures increased, while wage pressures were moderate and continued to ease. Business survey respondents reported that demand increased on bal...
Philadelphia
2024-04-17T00:00:00
/beige-book-reports/2024/2024-04-ph
"April 17, 2024\nSummary of Economic Activity\nBusiness activity in the Third District was steady this period, after a slight decline last period. Employment continued to edge up, with increases in full-time nonmanufacturing jobs offsetting a modest decline in manufacturing jobs. Wage pressures and price inflation cont...
Kansas City
2024-04-17T00:00:00
/beige-book-reports/2024/2024-04-kc
"Beige Book Report: Kansas City\nApril 17, 2024\nSummary of Economic Activity\nThe Tenth District economy expanded slightly over the past month. Job gains were modest and concentrated in service sectors. Employers reported that both wage and non-wage labor costs rose, but more slowly than in past years. Although worker...
Richmond
2024-04-17T00:00:00
/beige-book-reports/2024/2024-04-ri
"April 17, 2024\nSummary of Economic Activity\nThe Fifth District economy grew slightly since our previous report. On balance, consumer spending was flat to up slightly this period. Reports from retailers were mixed as some shops and restaurants reported declines while others, namely furniture and hardware stores, repo...
Atlanta
2024-04-17T00:00:00
/beige-book-reports/2024/2024-04-at
"April 17, 2024\nSummary of Economic Activity\nEconomic activity in the Sixth District grew modestly. Labor markets eased further, and wage pressures moderated. Many nonlabor cost increases stabilized, while the cost of others, like food and insurance, continued to rise. Consumer spending was steady, but sales of discr...
St Louis
2024-04-17T00:00:00
/beige-book-reports/2024/2024-04-sl
"Beige Book Report: St Louis\nApril 17, 2024\nSummary of Economic Activity\nEconomic activity across the Eighth District has continued to increase slightly since our previous report. Labor market conditions were generally unchanged. Inflation pressures increased modestly, although firms continue to note higher costs ar...
Boston
2024-04-17T00:00:00
/beige-book-reports/2024/2024-04-bo
"April 17, 2024\nSummary of Economic Activity\nBusiness activity expanded at a modest pace in recent weeks, prices rose slightly, and employment was flat overall. Convention and tourism activity grew at a robust pace, but retail sales increased only modestly. Manufacturers reported slight revenue growth, while software...
Cleveland
2024-04-17T00:00:00
/beige-book-reports/2024/2024-04-cl
"April 17, 2024\nSummary of Economic Activity\nOn balance, Fourth District business activity increased modestly over the recent period, and contacts expected similar conditions to persist in the months ahead. Consumer spending firmed, though some retailers reported that discretionary spending remained soft. Demand for ...
Chicago
2024-04-17T00:00:00
/beige-book-reports/2024/2024-04-ch
"April 17, 2024\nSummary of Economic Activity\nEconomic activity in the Seventh District increased slightly overall in late February and March, and contacts generally expected a similar rate of increase over the next year. Employment increased modestly; business and consumer spending rose slightly; nonbusiness contacts...
Dallas
2024-04-17T00:00:00
/beige-book-reports/2024/2024-04-da
"April 17, 2024\nSummary of Economic Activity\nThe Eleventh District economy expanded modestly. While activity in services and housing grew, manufacturing output, retail sales, and loan demand declined slightly. Employment growth slowed as wages, input costs, and selling prices grew at a moderate pace. Demand for nonpr...
Chicago
2024-03-06T00:00:00
/beige-book-reports/2024/2024-03-ch
"March 6, 2024\nSummary of Economic Activity\nEconomic activity in the Seventh District increased modestly overall in January and early February, and contacts generally expected a small increase in demand over the next year. Employment increased modestly; nonbusiness contacts saw a modest increase in activity; business...
Atlanta
2024-03-06T00:00:00
/beige-book-reports/2024/2024-03-at
"March 6, 2024\nSummary of Economic Activity\nThe Sixth District economy grew modestly in recent weeks. Labor markets and wage pressures eased further amid less turnover and a rising pool of applicants. Nonlabor costs continued to moderate overall, but some costs, such as technology and insurance, rose. Low- and modera...
Philadelphia
2024-03-06T00:00:00
/beige-book-reports/2024/2024-03-ph
"March 6, 2024\nSummary of Economic Activity\nOn balance, business activity in the Third District resumed a slight decline\u2014as with most of 2023\u2014following a holiday season uptick. Employment grew slightly overall, with moderate job growth in the broad economy offsetting a modest decline in manufacturing jobs. ...
Boston
2024-03-06T00:00:00
/beige-book-reports/2024/2024-03-bo
"March 6, 2024\nSummary of Economic Activity\nEconomic activity increased at a slight pace amid modest employment growth and only minor price increases. Retail sales were about flat on balance, while restaurants had a slower-than-usual January, and hotels reported stable activity. Manufacturers and staffing firms alike...
New York
2024-03-06T00:00:00
/beige-book-reports/2024/2024-03-ny
"Beige Book Report: New York\nMarch 6, 2024\nSummary of Economic Activity\nAfter a period of sustained weakness, economic activity in the Second District flattened this reporting period. Labor market conditions remained solid as employment grew slightly and wage growth picked up to a moderate pace. The pace of selling ...
Dallas
2024-03-06T00:00:00
/beige-book-reports/2024/2024-03-da
"March 6, 2024\nSummary of Economic Activity\nThe Eleventh District economy expanded modestly, with activity in most sectors holding steady or experiencing slight to modest growth. Employment rose modestly, and wages grew at an average pace. Input costs grew moderately. Selling prices rose at an average rate in the ser...
St Louis
2024-03-06T00:00:00
/beige-book-reports/2024/2024-03-sl
"Beige Book Report: St Louis\nMarch 6, 2024\nSummary of Economic Activity\nEconomic activity across the Eighth District has increased slightly since our previous report. Contacts reported that consumer demand slowed beyond seasonal norms and cited consumer price sensitivity and lower levels of disposable income as prim...
San Francisco
2024-03-06T00:00:00
/beige-book-reports/2024/2024-03-sf
"Beige Book Report: San Francisco\nMarch 6, 2024\nSummary of Economic Activity\nEconomic activity in the Twelfth District was up slightly during the January to mid-February reporting period. Employment levels rose slightly, and labor was more available. Prices and wages both increased overall but at slower rates. Retai...
Minneapolis
2024-03-06T00:00:00
/beige-book-reports/2024/2024-03-mi
"March 6, 2024\nSummary of Economic Activity\nThe Ninth District economy grew slightly since the previous report. Respondents to a January survey reported a slight increase in sales and orders over the previous month. Employment grew slightly, but overall labor demand softened somewhat. Wage pressures were moderate but...
Cleveland
2024-03-06T00:00:00
/beige-book-reports/2024/2024-03-cl
"March 6, 2024\nSummary of Economic Activity\nOn balance, business activity in the Fourth District increased slightly in recent weeks, and contacts generally expected it to increase modestly in the months ahead. Demand for manufactured goods edged up, but some contacts noted that seasonal patterns and customer demand w...
Kansas City
2024-03-06T00:00:00
/beige-book-reports/2024/2024-03-kc
"Beige Book Report: Kansas City\nMarch 6, 2024\nSummary of Economic Activity\nEconomic activity in the Tenth District was stable over the past month. Job growth was modest. Though wage gains for new hires remained elevated, contacts indicated wage increases were targeted at workers who expanded their scope of responsib...
Richmond
2024-03-06T00:00:00
/beige-book-reports/2024/2024-03-ri
"March 6, 2024\nSummary of Economic Activity\nEconomic activity in the Fifth District was little changed in recent weeks. Port activity and trucking volumes remained solid, particularly for shipments of consumer goods as retailers looked to replenish inventories. Consumer spending on retail goods softened slightly, how...
National Summary
2024-03-06T00:00:00
/beige-book-reports/2024/2024-03-su
"Beige Book: National Summary\nMarch 6, 2024\nThis report was prepared at the Federal Reserve Bank of San Francisco based on information collected on or before February 26, 2024. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal R...
St Louis
2024-01-17T00:00:00
/beige-book-reports/2024/2024-01-sl
"Beige Book Report: St Louis\nJanuary 17, 2024\nSummary of Economic Activity\nEconomic activity has remained unchanged since our previous report. Labor markets remained tight, but contacts reported reduced urgency to hire new workers and stable wage pressures. Prices increased, but the rate of price increases for many ...
San Francisco
2024-01-17T00:00:00
/beige-book-reports/2024/2024-01-sf
"Beige Book Report: San Francisco\nJanuary 17, 2024\nSummary of Economic Activity\nEconomic activity in the Twelfth District was stable overall during the reporting period from mid-November through December 2023. Labor availability improved, and employment levels rose slightly. Price pressures eased, and wage growth mo...
Richmond
2024-01-17T00:00:00
/beige-book-reports/2024/2024-01-ri
"January 17, 2024\nSummary of Economic Activity\nEconomic activity in the Fifth District expanded mildly in recent weeks. Consumer spending on retail goods, travel, and tourism was steady to growing modestly. Spending on other nonfinancial services was reported to have been steady. Residential housing market activity a...
National Summary
2024-01-17T00:00:00
/beige-book-reports/2024/2024-01-su
"Beige Book: National Summary\nJanuary 17, 2024\nThis report was prepared at the Federal Reserve Bank of Philadelphia based on information collected on or before January 8, 2024. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal R...
Philadelphia
2024-01-17T00:00:00
/beige-book-reports/2024/2024-01-ph
"January 17, 2024\nSummary of Economic Activity\nOn balance, business activity in the Third District held steady during the holiday season after declining steadily for most of 2023. Employment grew slightly overall, although manufacturers reported fewer workers and shorter hours. Wage and price inflation appeared to su...
Minneapolis
2024-01-17T00:00:00
/beige-book-reports/2024/2024-01-mi
"January 17, 2024\nSummary of Economic Activity\nThe Ninth District economy contracted slightly since the previous report. Respondents to a December survey of business conditions reported declining demand and profits from the previous month. Employment grew modestly, but job openings were flat or lower for most contact...
Kansas City
2024-01-17T00:00:00
/beige-book-reports/2024/2024-01-kc
"Beige Book Report: Kansas City\nJanuary 17, 2024\nSummary of Economic Activity\nEconomic activity in the Tenth District declined moderately in recent weeks. Consumer spending fell across several categories. Contacts noted sales volumes at low-cost quick-serve restaurants, which had been robust despite pullbacks elsewh...
Dallas
2024-01-17T00:00:00
/beige-book-reports/2024/2024-01-da
"January 17, 2024\nSummary of Economic Activity\nThe Eleventh District economy expanded at a modest pace over the reporting period, with most sectors holding steady or experiencing slight growth. Job growth picked up in the service sector. Wage growth moderated but high labor costs remained a key concern for many busin...
Cleveland
2024-01-17T00:00:00
/beige-book-reports/2024/2024-01-cl
"January 17, 2024\nSummary of Economic Activity\nOn balance, reports from contacts suggested that business activity in the Fourth District had increased slightly in recent weeks. Contacts generally expected business activity to increase slightly in the months ahead. Consumer spending increased slightly. General merchan...
Chicago
2024-01-17T00:00:00
/beige-book-reports/2024/2024-01-ch
"January 17, 2024\nSummary of Economic Activity\nEconomic activity in the Seventh District was up modestly overall in late November and December. Contacts generally expected a small decline in demand over the next year. Employment increased moderately; nonbusiness contacts saw a modest increase in activity; consumer sp...
Boston
2024-01-17T00:00:00
/beige-book-reports/2024/2024-01-bo
"January 17, 2024\nSummary of Economic Activity\nEconomic activity declined slightly on average, employment was roughly flat, and prices increased at a modest pace since the last reporting period. Retail revenues increased slightly, while tourism activity grew at an above-average pace. Software and IT services firms re...
New York
2024-01-17T00:00:00
/beige-book-reports/2024/2024-01-ny
"Beige Book Report: New York\nJanuary 17, 2024\nSummary of Economic Activity\nEconomic activity in the Second District declined slightly during the latest reporting period, continuing a period of sustained weakness. Labor market conditions continued to cool but remained solid. Employment growth slowed to a slight pace,...
Atlanta
2024-01-17T00:00:00
/beige-book-reports/2024/2024-01-at
"January 17, 2024\nSummary of Economic Activity\nThe economy of the Sixth District grew slowly from mid-November through December. Labor availability and employee retention continued to improve, but hiring slowed for some firms, and wage pressures eased further. Nonlabor costs moderated for the most part, and pricing p...
Kansas City
2023-11-29T00:00:00
/beige-book-reports/2023/2023-11-kc
"Beige Book Report: Kansas City\nNovember 29, 2023\nSummary of Economic Activity\nEconomic activity in the Tenth District declined slightly in recent weeks. Consumers were increasingly likely to \"share a roof and share meals\" to manage household budget challenges. Demand for rental housing reportedly shifted away fro...
Cleveland
2023-11-29T00:00:00
/beige-book-reports/2023/2023-11-cl
"November 29, 2023\nSummary of Economic Activity\nOverall, reports from contacts suggest that business activity in the Fourth District declined slightly in recent weeks, ending a period of stable activity that began in late spring this year. Contacts generally expected similar business conditions to persist in the comi...
Dallas
2023-11-29T00:00:00
/beige-book-reports/2023/2023-11-da
"November 29, 2023\nSummary of Economic Activity\nThe Eleventh District economy expanded at slower pace than in the previous reporting period. Manufacturing output rose, while growth in services stalled out and retail sales fell. Loan volumes declined at a faster rate than the previous reporting period as credit condit...
San Francisco
2023-11-29T00:00:00
/beige-book-reports/2023/2023-11-sf
"Beige Book Report: San Francisco\nNovember 29, 2023\nSummary of Economic Activity\nTwelfth District economic activity softened slightly during the October to mid-November reporting period. Labor market tightness eased moderately, and employment levels remained generally steady. Wages and prices rose at a slower pace r...
New York
2023-11-29T00:00:00
/beige-book-reports/2023/2023-11-ny
"Beige Book Report: New York\nNovember 29, 2023\nSummary of Economic Activity\nEconomic activity in the Second District continued to weaken during the latest reporting period. Labor market conditions cooled but generally remained solid. Though employment edged up slightly, labor demand softened and workers have become ...
Minneapolis
2023-11-29T00:00:00
/beige-book-reports/2023/2023-11-mi
"November 29, 2023\nSummary of Economic Activity\nEconomic activity in the Ninth District was flat to down slightly since the previous report. Employment grew modestly, but job openings declined. Wage pressures were unchanged but ongoing wage growth remained above average, while price pressures were modest. Growth was ...
Richmond
2023-11-29T00:00:00
/beige-book-reports/2023/2023-11-ri
"November 29, 2023\nSummary of Economic Activity\nThe Fifth District economy grew slightly in recent weeks, mainly due to continued strength in consumer spending. There were some reports of reduced spending on durable goods like furniture and appliances, but spending on nondurable goods and on travel was strong and gro...
National Summary
2023-11-29T00:00:00
/beige-book-reports/2023/2023-11-su
"Beige Book: National Summary\nNovember 29, 2023\nThis report was prepared at the Federal Reserve Bank of Atlanta based on information collected on or before November 17, 2023. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Res...
Chicago
2023-11-29T00:00:00
/beige-book-reports/2023/2023-11-ch
"November 29, 2023\nSummary of Economic Activity\nEconomic activity in the Seventh District was up slightly overall in October and early November. Contacts generally expected a small decline in demand over the next year and many continued to express concerns about the potential for a recession. Employment increased mod...
St Louis
2023-11-29T00:00:00
/beige-book-reports/2023/2023-11-sl
"Beige Book Report: St Louis\nNovember 29, 2023\nSummary of Economic Activity\nEconomic activity has slowed slightly since our previous report. Labor markets remained tight, but reports of easing continued. An increased share of contacts reported holding wages flat. Prices rose moderately, though businesses continued t...
Boston
2023-11-29T00:00:00
/beige-book-reports/2023/2023-11-bo
"November 29, 2023\nSummary of Economic Activity\nEconomic activity was flat or down slightly on balance, as prices held mostly steady and labor demand slowed. Retail results were mixed but neutral on average, and restaurant sales fell slightly. Manufacturers reported modest recent revenue declines, and a few experienc...
Atlanta
2023-11-29T00:00:00
/beige-book-reports/2023/2023-11-at
"November 29, 2023\nSummary of Economic Activity\nThe economy in the Sixth District grew at a tepid pace from October through mid-November. Labor availability and employee retention improved, and wage pressures continued to ease. Some construction input costs fell, but fuel prices and insurance costs rose; pricing powe...
Philadelphia
2023-11-29T00:00:00
/beige-book-reports/2023/2023-11-ph
"November 29, 2023\nSummary of Economic Activity\nOn balance, business activity in the Third District continued to decline slightly. High interest rates and tightening credit standards continued to constrain demand for big-ticket consumer items and private market transactions. Wage and price inflation subsided signific...
Philadelphia
2023-10-18T00:00:00
/beige-book-reports/2023/2023-10-ph
"October 18, 2023\nSummary of Economic Activity\nOn balance, business activity in the Third District continued to decline slightly. Consumer demand appeared to decline as contacts noted more cautious spending habits by consumers, including fewer visits to stores and substituting toward lower-priced items. High interest...
National Summary
2023-10-18T00:00:00
/beige-book-reports/2023/2023-10-su
"Beige Book: National Summary\nOctober 18, 2023\nThis report was prepared at the Federal Reserve Bank of St. Louis based on information collected on or before October 6, 2023. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Rese...
Kansas City
2023-10-18T00:00:00
/beige-book-reports/2023/2023-10-kc
"Beige Book Report: Kansas City\nOctober 18, 2023\nSummary of Economic Activity\nEconomic conditions softened slightly across the Tenth District in recent weeks. Hiring activity and business conditions were mostly unchanged, but contacts in the energy, agriculture and commercial real estate sectors reported moderate de...
Cleveland
2023-10-18T00:00:00
/beige-book-reports/2023/2023-10-cl
"October 18, 2023\nSummary of Economic Activity\nOverall, Fourth District business activity was relatively unchanged in recent weeks. Consumer spending was flat to down, as discretionary goods spending softened further. Manufacturers noted an uptick in activity but expressed concerns over potential adverse effects of t...
New York
2023-10-18T00:00:00
/beige-book-reports/2023/2023-10-ny
"Beige Book Report: New York\nOctober 18, 2023\nSummary of Economic Activity\nEconomic activity in the Second District weakened modestly during the latest reporting period. Still, labor market conditions remained solid with contacts reporting ongoing modest employment gains and steady wage growth. Inflationary pressure...
Dallas
2023-10-18T00:00:00
/beige-book-reports/2023/2023-10-da
"October 18, 2023\nSummary of Economic Activity\nThe Eleventh District economy continued to expand at a modest pace overall. Growth moderated in the service sector but rebounded in manufacturing and energy. Retail and financial services activity declined. Existing-home sales dipped while new home sales were mostly soli...
Boston
2023-10-18T00:00:00
/beige-book-reports/2023/2023-10-bo
"October 18, 2023\nSummary of Economic Activity\nBusiness activity expanded slightly on balance, as employment edged up by a small margin and price increases were modest. Retailers reported modest growth in sales, led by strong seasonal sales growth at retailers on Cape Cod. The summer tourism season yielded a solid in...
Richmond
2023-10-18T00:00:00
/beige-book-reports/2023/2023-10-ri
"October 18, 2023\nSummary of Economic Activity\nThe Fifth District economy contracted slightly in recent weeks. Fifth District manufacturers reported mixed results in the most recent reporting period. Food service and office supply contacts reported steady growth in sales while furniture, appliance, and home remodelin...
Chicago
2023-10-18T00:00:00
/beige-book-reports/2023/2023-10-ch
"October 18, 2023\nSummary of Economic Activity\nEconomic activity in the Seventh District was up modestly overall in late August and September. Contacts generally expected a small decline in demand over the next year and many expressed concerns about the potential for a recession. Employment increased moderately; cons...
Minneapolis
2023-10-18T00:00:00
/beige-book-reports/2023/2023-10-mi
"October 18, 2023\nSummary of Economic Activity\nNinth District economic activity increased slightly since late August. Employment grew modestly and wage pressures were stable. Inflationary pressures eased modestly. Growth was noted in consumer spending and tourism, and agricultural conditions strengthened, while energ...
St Louis
2023-10-18T00:00:00
/beige-book-reports/2023/2023-10-sl
"Beige Book Report: St Louis\nOctober 18, 2023\nSummary of Economic Activity\nEconomic conditions have remained unchanged since our previous report. Labor markets remained tight, and employers reported that while applications had increased there were continued difficulties finding candidates with desired skills. Prices...
Atlanta
2023-10-18T00:00:00
/beige-book-reports/2023/2023-10-at
"October 18, 2023\nSummary of Economic Activity\nThe Sixth District economy grew at a slow pace from mid-August through September. Labor availability and candidate quality improved, and wage pressures eased further. Some nonlabor input cost increases stabilized, and pricing power was mixed. Retail sales slowed somewhat...
San Francisco
2023-10-18T00:00:00
/beige-book-reports/2023/2023-10-sf
"Beige Book Report: San Francisco\nOctober 18, 2023\nSummary of Economic Activity\nEconomic activity in the Twelfth District was stable on net during the mid-August through September reporting period. Employment levels were little changed, and labor market tightness eased slightly. Prices and wages both rose, but at sl...
Richmond
2023-09-06T00:00:00
/beige-book-reports/2023/2023-09-ri
"September 6, 2023\nSummary of Economic Activity\nThe Fifth District economy grew slightly in recent weeks. Retailers and food service contacts reported steady to modest growth in sales, despite lower foot traffic. Auto sales were solid this period, but other consumer durables saw declines. Travel and tourism rose mode...
Kansas City
2023-09-06T00:00:00
/beige-book-reports/2023/2023-09-kc
"Beige Book Report: Kansas City\nSeptember 6, 2023\nSummary of Economic Activity\nEconomic activity across the Tenth District was stable over the past two months. After falling from high rates of growth during the first half of the year, manufacturing production and sales at service businesses stabilized in July and Au...
Minneapolis
2023-09-06T00:00:00
/beige-book-reports/2023/2023-09-mi
"September 6, 2023\nSummary of Economic Activity\nThe Ninth District economy grew slightly since early July. Employment increased slightly and wage pressures were unchanged. Prices increased moderately overall. Growth was noted in consumer spending, tourism, and residential construction, while commercial construction w...
National Summary
2023-09-06T00:00:00
/beige-book-reports/2023/2023-09-su
"Beige Book: National Summary\nSeptember 6, 2023\nThis report was prepared at the Federal Reserve Bank of Kansas City based on information collected on or before August 28, 2023. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal R...
Philadelphia
2023-09-06T00:00:00
/beige-book-reports/2023/2023-09-ph
"September 6, 2023\nSummary of Economic Activity\nOn balance, business activity in the Third District continued to decline slightly. Consumer spending was down in most sectors, including retail, restaurants, autos, and tourism. High interest rates continued to constrain the available inventory of new homes and have als...
Dallas
2023-09-06T00:00:00
/beige-book-reports/2023/2023-09-da
"September 6, 2023\nSummary of Economic Activity\nThe Eleventh District economy continued to expand at a modest pace overall. Solid growth was seen in the nonfinancial services sector, while retail sales were flat and activity in the manufacturing, energy, and financial services sectors declined. Housing demand was mix...
Atlanta
2023-09-06T00:00:00
/beige-book-reports/2023/2023-09-at
"September 6, 2023\nSummary of Economic Activity\nThe economy of the Sixth District grew at a modest pace from July through mid-August. Labor availability and retention improved, and wage pressures eased. Nonlabor input costs moderated further, and pricing power diminished somewhat. Retail sales were strong. New auto s...
St Louis
2023-09-06T00:00:00
/beige-book-reports/2023/2023-09-sl
"Beige Book Report: St Louis\nSeptember 6, 2023\nSummary of Economic Activity\nEconomic conditions have remained unchanged since our previous report. Employers reported continued tight labor markets and easing wage pressures. Consumer demand softened slightly. Firms reported continuing increases in consumer sensitivity...
Boston
2023-09-06T00:00:00
/beige-book-reports/2023/2023-09-bo
"September 6, 2023\nSummary of Economic Activity\nBusiness activity expanded modestly on balance, as real estate markets continued to lag other sectors of the First District's economy. Employment was about flat, wages grew at a modest pace, and price increases were generally small. Consumer spending on retail goods and...
Chicago
2023-09-06T00:00:00
/beige-book-reports/2023/2023-09-ch
"September 6, 2023\nSummary of Economic Activity\nEconomic activity in the Seventh District increased slightly overall in July and early August. Contacts generally expected a small decline in demand over the next year and many expressed concerns about the potential for a recession in the U.S. Employment increased moder...
Cleveland
2023-09-06T00:00:00
/beige-book-reports/2023/2023-09-cl
"September 6, 2023\nSummary of Economic Activity\nOn the surface, business activity in the Fourth District was little changed from that of the prior reporting period, though there were some notable shifts in industry conditions. Consumer spending softened in recent weeks after firming during the previous three periods....
New York
2023-09-06T00:00:00
/beige-book-reports/2023/2023-09-ny
"Beige Book Report: New York\nSeptember 6, 2023\nSummary of Economic Activity\nEconomic activity in the Second District held steady in the latest reporting period. While contacts noted some slowing in hiring, labor market conditions generally remained solid, with ongoing modest employment gains and steady wage growth. ...
San Francisco
2023-09-06T00:00:00
/beige-book-reports/2023/2023-09-sf
"Beige Book Report: San Francisco\nSeptember 6, 2023\nSummary of Economic Activity\nEconomic activity in the Twelfth District strengthened slightly during the July through mid-August reporting period. Hiring activity was generally stable and labor availability improved. Price increases persisted, albeit at a slower pac...
Kansas City
2023-07-12T00:00:00
/beige-book-reports/2023/2023-07-kc
"Beige Book Report: Kansas City\nJuly 12, 2023\nSummary of Economic Activity\nThe level of economic activity across the Tenth District changed little during June, with a mix in performance across segments. Although hiring remained flat generally, expected employment levels at most businesses continued to point downward...
Richmond
2023-07-12T00:00:00
/beige-book-reports/2023/2023-07-ri
"July 12, 2023\nSummary of Economic Activity\nThe Fifth District economy grew slightly in recent weeks. Retailers and food service companies saw steady to increasing consumer spending, particularly for seasonal goods. Auto sales, however, were down slightly and inventory levels remained very low. Travel and tourism pic...
St Louis
2023-07-12T00:00:00
/beige-book-reports/2023/2023-07-sl
"Beige Book Report: St Louis\nJuly 12, 2023\nSummary of Economic Activity\nEconomic conditions have remained unchanged since our previous report. Although employers reported better employee retention, they continued to have difficulties finding workers, especially skilled ones. Wage pressures lessened slightly. Consume...
Minneapolis
2023-07-12T00:00:00
/beige-book-reports/2023/2023-07-mi
"July 12, 2023\nSummary of Economic Activity\nEconomic activity in the Ninth District increased slightly since the previous report. Employment grew moderately, helped by summer demand. Wage pressures remained moderate, while price pressures were mild. Growth was noted in services, commercial construction, and manufactu...
Atlanta
2023-07-12T00:00:00
/beige-book-reports/2023/2023-07-at
"July 12, 2023\nSummary of Economic Activity\nThe Sixth District economy grew at a measured pace from mid-May through June. Labor availability and retention improved, and wage pressures eased. On balance, nonlabor costs continued to moderate and pricing power was mixed. Retail sales softened for discretionary items, bu...
Chicago
2023-07-12T00:00:00
/beige-book-reports/2023/2023-07-ch
"July 12, 2023\nSummary of Economic Activity\nEconomic activity in the Seventh District was little changed overall in late May and June. Contacts generally expected a small decline in demand over the next year and many expressed concerns about the potential for a recession. Employment increased moderately; nonbusiness ...
Boston
2023-07-12T00:00:00
/beige-book-reports/2023/2023-07-bo
"July 12, 2023\nSummary of Economic Activity\nBusiness activity expanded at a slight pace in recent weeks, with modest increases in employment and roughly even prices. Consumer spending increased by a small margin, as retail sales increased modestly and tourism was flat. Manufacturers reported mixed results but sales g...
New York
2023-07-12T00:00:00
/beige-book-reports/2023/2023-07-ny
"Beige Book Report: New York\nJuly 12, 2023\nSummary of Economic Activity\nEconomic activity in the Second District stabilized in recent weeks following a period of moderate weakness. Labor market conditions were strong, with ongoing modest employment gains and steady wage growth. Inflationary pressures eased as both i...
Cleveland
2023-07-12T00:00:00
/beige-book-reports/2023/2023-07-cl
"July 12, 2023\nSummary of Economic Activity\nOverall, Fourth District business activity changed little since the prior reporting period. While consumer spending on services remained solid, higher interest rates continued to constrain households' big-ticket purchases. Meanwhile, several contacts suggested that higher i...