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Chicago
2022-07-13T00:00:00
/beige-book-reports/2022/2022-07-ch
"July 13, 2022\nSummary of Economic Activity\nEconomic activity in the Seventh District increased slightly overall in late May and June, and contacts expected growth to remain slow in the coming months, with many expressing concerns about the potential for a recession. Employment increased moderately, business spending...
Kansas City
2022-07-13T00:00:00
/beige-book-reports/2022/2022-07-kc
"Beige Book Report: Kansas City\nJuly 13, 2022\nSummary of Economic Activity\nGrowth in the Tenth District slowed to a modest pace, with mixed performance across segments of the regional economy. Consumer spending declined slightly, with the most significant reduction reported for larger ticket items. After several mon...
Boston
2022-07-13T00:00:00
/beige-book-reports/2022/2022-07-bo
"July 13, 2022\nSummary of Economic Activity\nBusiness activity continued to expand at a modest pace in recent weeks. Employment was flat as turnover remained high and wages grew at an above-average rate. Prices continued to rise at a stable but above-average pace. Retailers enjoyed strong sales growth, while travel-re...
Richmond
2022-07-13T00:00:00
/beige-book-reports/2022/2022-07-ri
"July 13, 2022\nSummary of Economic Activity\nSince our previous report, the regional economy continued to expand modestly, although there were emerging signs of softening demand. Manufacturers reported declines in shipments and new orders; at the same time, they continued to struggle with supply chain disruptions, lab...
Atlanta
2022-07-13T00:00:00
/beige-book-reports/2022/2022-07-at
"July 13, 2022\nSummary of Economic Activity\nEconomic activity in the Sixth District expanded modestly from mid-May through June, albeit at a slightly slower pace. Labor markets remained tight and wage pressures persisted. Some nonlabor costs continued to rise. Firms' pricing power remained steady. Retailers experienc...
Cleveland
2022-07-13T00:00:00
/beige-book-reports/2022/2022-07-cl
"July 13, 2022\nSummary of Economic Activity\nBusiness activity in the Fourth District declined slightly, and contacts expected further weakening in the months ahead. The softening in customer demand was evident across sectors as households and firms contended with higher costs and rising interest rates. Additionally f...
San Francisco
2022-07-13T00:00:00
/beige-book-reports/2022/2022-07-sf
"Beige Book Report: San Francisco\nJuly 13, 2022\nSummary of Economic Activity\nEconomic activity in the Twelfth District expanded modestly during the mid-May through June reporting period. Overall labor market conditions remained tight, accompanied by wage increases that lagged the pace of price inflation. Inflation r...
Minneapolis
2022-07-13T00:00:00
/beige-book-reports/2022/2022-07-mi
"July 13, 2022\nSummary of Economic Activity\nEconomic activity in the Ninth District grew modestly since mid-May. Employment grew slightly, as labor demand appeared to weaken but remained at a high level. Wage and price pressures remained strong as employers worked to attract talent and continued to pass on increased ...
Dallas
2022-06-01T00:00:00
/beige-book-reports/2022/2022-06-da
"June 1, 2022\nSummary of Economic Activity\nExpansion in the Eleventh District economy slowed to a moderate pace during the reporting period. Most notably, home sales slowed, retail sales fell, and growth in manufacturing and nonfinancial services decreased from a solid to a moderate pace. Growth in loan volumes remai...
National Summary
2022-06-01T00:00:00
/beige-book-reports/2022/2022-06-su
"Beige Book: National Summary\nJune 1, 2022\nThis report was prepared at the Federal Reserve Bank of Philadelphia based on information collected on or before May 23, 2022. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Reserve ...
Cleveland
2022-06-01T00:00:00
/beige-book-reports/2022/2022-06-cl
"June 1, 2022\nSummary of Economic Activity\nBusiness activity decelerated and was slightly positive as firms grappled with ongoing supply chain challenges, tight labor market conditions, and escalating costs. These challenges also clouded the near-term outlook for the economy, a situation leading firms to be conservat...
San Francisco
2022-06-01T00:00:00
/beige-book-reports/2022/2022-06-sf
"Beige Book Report: San Francisco\nJune 1, 2022\nSummary of Economic Activity\nEconomic activity in the Twelfth District expanded moderately during the April through mid-May reporting period. Overall labor market conditions remained tight, accompanied by wage increases that showed some signs of leveling off. Price leve...
Boston
2022-06-01T00:00:00
/beige-book-reports/2022/2022-06-bo
"June 1, 2022\nSummary of Economic Activity\nEconomic activity in the First District increased slightly on balance. Employment increased slightly as many firms struggled to hire and retain workers, and labor shortages contributed to above-average wage growth. Price inflation persisted at a moderate to fast pace. Retail...
Minneapolis
2022-06-01T00:00:00
/beige-book-reports/2022/2022-06-mi
"June 1, 2022\nSummary of Economic Activity\nNinth District economic activity grew moderately since mid-April. Labor demand remained strong since the last report, but overall hiring was restrained by tight labor supply. Wage and price pressures remained elevated, and added costs were being passed on to consumers throug...
Philadelphia
2022-06-01T00:00:00
/beige-book-reports/2022/2022-06-ph
"June 1, 2022\nSummary of Economic Activity\nOn balance, business activity in the Third District grew slightly \u2013 at a slower pace than during the prior Beige Book period. Activity in a few sectors remained below pre-pandemic levels. Since the prior Beige Book, the rate of COVID-19 cases has grown fourfold. Moreove...
Atlanta
2022-06-01T00:00:00
/beige-book-reports/2022/2022-06-at
"June 1, 2022\nSummary of Economic Activity\nEconomic activity in the Sixth District expanded at a modest pace from April through mid-May. Labor market tightness and wage pressures continued for some. Most nonlabor costs rose, and firms' pricing power was sustained. Retail sales softened somewhat, and auto sales were d...
Chicago
2022-06-01T00:00:00
/beige-book-reports/2022/2022-06-ch
"June 1, 2022\nSummary of Economic Activity\nEconomic activity in the Seventh District increased modestly overall in April and early May, though contacts expected a slower pace of growth over the coming months. Labor and materials supply constraints continued to weigh on the expansion. Employment increased strongly, ma...
St Louis
2022-06-01T00:00:00
/beige-book-reports/2022/2022-06-sl
"Beige Book Report: St Louis\nJune 1, 2022\nSummary of Economic Activity\nEconomic conditions have improved at a modest pace since our previous report. The outlook for the remainder of the year weakened due to concerns about continued price increases and softening demand. Competition for workers continued to place upwa...
Kansas City
2022-06-01T00:00:00
/beige-book-reports/2022/2022-06-kc
"Beige Book Report: Kansas City\nJune 1, 2022\nSummary of Economic Activity\nThe Tenth District economy grew at a moderate pace, but expectations for future growth softened somewhat due to rising costs, worsening supply chain disruptions and heightened uncertainty. Several contacts reported shifts in consumer spending....
Richmond
2022-06-01T00:00:00
/beige-book-reports/2022/2022-06-ri
"June 1, 2022\nSummary of Economic Activity\nSince our previous report, the regional economy grew at a modest rate. Manufacturing activity increased at a modest to moderate rate as producers continued to face challenges meeting demand due to supply chain disruptions and labor shortages. Fifth District ports reported an...
New York
2022-06-01T00:00:00
/beige-book-reports/2022/2022-06-ny
"Beige Book Report: New York\nJune 1, 2022\nSummary of Economic Activity\nEconomic growth in the Second District slowed to a modest pace in recent weeks, hampered by ongoing labor shortages, supply disruptions, and an upturn in COVID cases. Contacts have also become somewhat less optimistic about the near-term outlook....
Philadelphia
2022-04-20T00:00:00
/beige-book-reports/2022/2022-04-ph
"April 20, 2022\nSummary of Economic Activity\nOn balance, business activity in the Third District continued to grow modestly in the current Beige Book period. Activity in a few sectors had not yet returned to pre-pandemic levels. Since the prior Beige Book, the rate of COVID-19 cases has remained relatively low, altho...
Atlanta
2022-04-20T00:00:00
/beige-book-reports/2022/2022-04-at
"April 20, 2022\nSummary of Economic Activity\nBusiness contacts in the Sixth District indicated that economic activity expanded moderately, on balance, from mid-February through March. Labor market tightness and wage pressures persisted. Some nonlabor costs continued to rise and the conflict in Ukraine is expected to ...
New York
2022-04-20T00:00:00
/beige-book-reports/2022/2022-04-ny
"Beige Book Report: New York\nApril 20, 2022\nSummary of Economic Activity\nEconomic growth in the Second District picked up to a moderate pace in recent weeks. Businesses continued to report substantial escalation in selling prices, input prices, and wages, and many noted difficulties obtaining necessary supplies. The...
Richmond
2022-04-20T00:00:00
/beige-book-reports/2022/2022-04-ri
"April 20, 2022\nSummary of Economic Activity\nThe regional economy continued to grow moderately amid ongoing supply chain issues, shortages of labor, and rising prices; however, several contacts expressed concerns that increasing energy costs and the war in Ukraine posed risks to near-term business conditions. Manufac...
San Francisco
2022-04-20T00:00:00
/beige-book-reports/2022/2022-04-sf
"Beige Book Report: San Francisco\nApril 20, 2022\nSummary of Economic Activity\nEconomic activity in the Twelfth District expanded at a moderate pace during the reporting period of mid-February through March. Employment levels expanded, accompanied by higher wages. Overall labor market conditions remained tight. Price...
Kansas City
2022-04-20T00:00:00
/beige-book-reports/2022/2022-04-kc
"Beige Book Report: Kansas City\nApril 20, 2022\nSummary of Economic Activity\nGrowth in the Tenth District economy accelerated to a robust pace over the last several weeks. Manufacturing production grew rapidly bringing overall activity to its highest level in fifteen years. Services sectors also grew at a robust pace...
National Summary
2022-04-20T00:00:00
/beige-book-reports/2022/2022-04-su
"Beige Book: National Summary\nApril 20, 2022\nThis report was prepared at the Federal Reserve Bank of Minneapolis based on information collected on or before April 11, 2022. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Reser...
Chicago
2022-04-20T00:00:00
/beige-book-reports/2022/2022-04-ch
"April 20, 2022\nSummary of Economic Activity\nEconomic activity in the Seventh District increased moderately overall in late February and March, though contacts expected a more modest pace of growth over the coming months. Labor and materials supply constraints continued to weigh on the expansion. Employment increased...
Boston
2022-04-20T00:00:00
/beige-book-reports/2022/2022-04-bo
"April 20, 2022\nSummary of Economic Activity\nEconomic activity expanded at a modest pace on average. Hiring remained difficult for most firms but eased for some, resulting in small employment gains. Wages increased at a moderate pace on average, but some firms offered robust pay increases. Output prices increased mod...
Cleveland
2022-04-20T00:00:00
/beige-book-reports/2022/2022-04-cl
"April 20, 2022\nSummary of Economic Activity\nBusiness activity in the Fourth District continued to increase at a modest pace in recent weeks. While demand was generally positive, crosscurrents under the surface were buffeting firms within and across sectors. For example, some consumer-facing contacts reported that sp...
Minneapolis
2022-04-20T00:00:00
/beige-book-reports/2022/2022-04-mi
"April 20, 2022\nSummary of Economic Activity\nNinth District economic activity increased moderately since mid-February. Employment saw moderate growth, as robust hiring demand continued to be restrained by tight labor supply. Wage and price pressures were strong, with particularly strong pressure on input prices. Grow...
Dallas
2022-04-20T00:00:00
/beige-book-reports/2022/2022-04-da
"April 20, 2022\nSummary of Economic Activity\nExpansion in the Eleventh District economy accelerated during the reporting period as the impact of the Omicron wave faded. Most notably, growth in nonfinancial services, particularly the leisure and hospitality sector, strengthened. Manufacturing output growth was solid, ...
St Louis
2022-04-20T00:00:00
/beige-book-reports/2022/2022-04-sl
"Beige Book Report: St Louis\nApril 20, 2022\nSummary of Economic Activity\nEconomic conditions have improved at a moderate pace since our previous report. The pace of hiring rose modestly, and wage growth remained strong. Prices, particularly for raw materials and food, increased at a robust pace. Reports on consumer ...
New York
2022-03-02T00:00:00
/beige-book-reports/2022/2022-03-ny
"Beige Book Report: New York\nMarch 2, 2022\nSummary of Economic Activity\nGrowth stalled in the Second District in early 2022, with ongoing supply disruptions, worker shortages, and the Omicron outbreak impeding activity. Despite these challenges, contacts expressed fairly widespread optimism about the near-term outlo...
Cleveland
2022-03-02T00:00:00
/beige-book-reports/2022/2022-03-cl
"March 2, 2022\nSummary of Economic Activity\nThe Fourth District economy grew at a slower, more modest pace in recent weeks. Demand was generally solid, but the surge of Omicron-related coronavirus infections temporarily dampened activity in some high-contact services such as restaurants and retail stores. Contacts re...
Richmond
2022-03-02T00:00:00
/beige-book-reports/2022/2022-03-ri
"March 2, 2022\nSummary of Economic Activity\nThe regional economy grew moderately in recent weeks, but growth continued to be constrained by supply chain and transportation issues and labor shortages. Manufacturers reported a modest increase in new orders, but shipments declined slightly as production was impacted by ...
Dallas
2022-03-02T00:00:00
/beige-book-reports/2022/2022-03-da
"March 2, 2022\nSummary of Economic Activity\nExpansion in the Eleventh District economy moderated, with the COVID-19 surge exacerbating labor and supply-chain shortages and disrupting demand in certain sectors. Growth in manufacturing and nonfinancial services continued but at a slower pace, and retail sales declined ...
St Louis
2022-03-02T00:00:00
/beige-book-reports/2022/2022-03-sl
"Beige Book Report: St Louis\nMarch 2, 2022\nSummary of Economic Activity\nEconomic conditions have remained unchanged since our previous report. Employers reported robust wage increases and continued difficulties finding workers. Price increases were greater than expected across several industries, with supply chain i...
Kansas City
2022-03-02T00:00:00
/beige-book-reports/2022/2022-03-kc
"Beige Book Report: Kansas City\nMarch 2, 2022\nSummary of Economic Activity\nThe Tenth District economy expanded at a modest pace in the first two months of the year. Although the surge in COVID-19 cases associated with the Omicron variant slowed spending and hours worked in the leisure and hospitality sector, activit...
National Summary
2022-03-02T00:00:00
/beige-book-reports/2022/2022-03-su
"Beige Book: National Summary\nMarch 2, 2022\nThis report was prepared at the Federal Reserve Bank of St. Louis based on information collected on or before February 18, 2022. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Reser...
Atlanta
2022-03-02T00:00:00
/beige-book-reports/2022/2022-03-at
"March 2, 2022\nSummary of Economic Activity\nEconomic activity in the Sixth District expanded at a moderate pace, on net, from January through mid-February. Demand for workers remained strong, and labor market tightness endured. Upward pressure on wages was widespread, especially for lower-paid positions and skilled t...
Chicago
2022-03-02T00:00:00
/beige-book-reports/2022/2022-03-ch
"March 2, 2022\nSummary of Economic Activity\nEconomic activity in the Seventh District increased moderately in January and early February, and contacts expected a similar pace of growth over the coming months. Labor and materials supply constraints as well as the spread of COVID-19 continued to weigh on the expansion....
Philadelphia
2022-03-02T00:00:00
/beige-book-reports/2022/2022-03-ph
"March 2, 2022\nSummary of Economic Activity\nOn balance, business activity in the Third District continued to grow modestly in the current Beige Book period. Activity in several sectors had not yet returned to pre-pandemic levels. Since the prior Beige Book, the rate of cases from the Omicron variant of COVID-19 conti...
Minneapolis
2022-03-02T00:00:00
/beige-book-reports/2022/2022-03-mi
"March 2, 2022\nSummary of Economic Activity\nNinth District economic activity increased moderately since early January. Employment saw moderate growth, though hiring was constrained by tight labor availability. Wage and price pressures were strong, with particularly strong pressure on input prices. Growth was noted in...
Boston
2022-03-02T00:00:00
/beige-book-reports/2022/2022-03-bo
"March 2, 2022\nSummary of Economic Activity\nBusiness activity expanded at a slight to modest pace in recent weeks. Consumer spending on goods, including autos, increased at a moderate pace, but restaurants sales plummeted during the Omicron surge. Manufacturers enjoyed robust demand, and revenues increased slightly o...
San Francisco
2022-03-02T00:00:00
/beige-book-reports/2022/2022-03-sf
"Beige Book Report: San Francisco\nMarch 2, 2022\nSummary of Economic Activity\nEconomic activity in the Twelfth District strengthened moderately during the reporting period of January through mid-February. Employment grew further while overall labor market conditions remained tight. Wages and price levels continued to...
San Francisco
2022-01-12T00:00:00
/beige-book-reports/2022/2022-01-sf
"Beige Book Report: San Francisco\nJanuary 12, 2022\nSummary of Economic Activity\nEconomic activity in the Twelfth District strengthened modestly during the reporting period of mid-November through December. Employment grew at a moderate pace, while overall labor market conditions remained tight. Price levels continue...
St Louis
2022-01-12T00:00:00
/beige-book-reports/2022/2022-01-sl
"Beige Book Report: St Louis\nJanuary 12, 2022\nSummary of Economic Activity\nEconomic conditions have improved moderately since our previous report. Employers continue to report difficulty hiring enough workers to meet consumer demand, with some industries with a high degree of direct consumer contact forced to limit ...
Chicago
2022-01-12T00:00:00
/beige-book-reports/2022/2022-01-ch
"January 12, 2022\nSummary of Economic Activity\nEconomic activity in the Seventh District increased modestly in late November and December, and contacts expected a similar pace of growth over the coming months. Labor and materials supply constraints as well as the spread of COVID-19 continued to weigh on the expansion...
Atlanta
2022-01-12T00:00:00
/beige-book-reports/2022/2022-01-at
"January 12, 2022\nSummary of Economic Activity\nEconomic activity in the Sixth District expanded moderately from mid-November through December, even amidst widespread outbreaks of the Omicron variant late in the reporting period. Demand for workers remained strong and labor market tightness persisted. Upward pressure ...
Richmond
2022-01-12T00:00:00
/beige-book-reports/2022/2022-01-ri
"January 12, 2022\nSummary of Economic Activity\nThe Fifth District economy grew modestly since our previous report, but growth was somewhat constrained by supply issues and labor shortages. Manufacturers reported a moderate increase in shipments, new orders, and backlogs while inventory levels remained low as supply s...
Boston
2022-01-12T00:00:00
/beige-book-reports/2022/2022-01-bo
"January 12, 2022\nSummary of Economic Activity\nBusiness activity in the First District was steady or up slightly on balance. Employment increased modestly and wages advanced at a strong pace. Input pricing pressures stayed high or intensified, and firms' output prices increased moderately. Retailers had mixed recent ...
Philadelphia
2022-01-12T00:00:00
/beige-book-reports/2022/2022-01-ph
"January 12, 2022\nSummary of Economic Activity\nOn balance, business activity in the Third District grew modestly \u2013 a slower pace than during the prior Beige Book period. Moreover, activity in most sectors had not yet returned to pre-pandemic levels. Since the prior Beige Book, the Omicron variant of COVID-19 has...
Dallas
2022-01-12T00:00:00
/beige-book-reports/2022/2022-01-da
"January 12, 2022\nSummary of Economic Activity\nRobust expansion continued in the Eleventh District economy, with gains broad based across sectors. Growth in the manufacturing, nonfinancial services, and retail sectors stayed strong, and growth in financial services picked up. Home sales remained elevated, though cons...
Kansas City
2022-01-12T00:00:00
/beige-book-reports/2022/2022-01-kc
"Beige Book Report: Kansas City\nJanuary 12, 2022\nSummary of Economic Activity\nThe Tenth District economy expanded at a moderate pace as 2021 came to a close. Food manufacturing and other non-durable goods production grew solidly, and manufacturing businesses generally sustained elevated levels of activity. Although ...
Cleveland
2022-01-12T00:00:00
/beige-book-reports/2022/2022-01-cl
"January 12, 2022\nSummary of Economic Activity\nOn balance, the Fourth District economy expanded at a moderate pace in recent weeks, although growth varied by segment. Demand generally remained solid, but the emergence and spread of the Omicron variant of COVID-19 reportedly constrained sales in some high-contact serv...
Minneapolis
2022-01-12T00:00:00
/beige-book-reports/2022/2022-01-mi
"January 12, 2022\nSummary of Economic Activity\nThe Ninth District economy grew moderately since mid-November, though a surge in COVID cases due to the Omicron variant was delaying return-to-work plans and dampening outlooks in some sectors toward the end of the reporting period. Employment saw moderate growth, though...
National Summary
2022-01-12T00:00:00
/beige-book-reports/2022/2022-01-su
"Beige Book: National Summary\nJanuary 12, 2022\nThis report was prepared at the Federal Reserve Bank of Kansas City based on information collected on or before January 3, 2022. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Re...
New York
2022-01-12T00:00:00
/beige-book-reports/2022/2022-01-ny
"Beige Book Report: New York\nJanuary 12, 2022\nSummary of Economic Activity\nGrowth in the Second District economy slowed to a subdued pace, reflecting widespread supply disruptions, labor shortages, and the outbreak of Omicron across the District. However, contacts continued to express fairly widespread optimism abou...
Dallas
2021-12-01T00:00:00
/beige-book-reports/2021/2021-12-da
"December 1, 2021\nSummary of Economic Activity\nRobust expansion continued in the Eleventh District economy, with gains generally broad based across sectors. Growth in the manufacturing and nonfinancial services sectors stayed strong, though retail sales were mixed. Home sales and single-family construction remained e...
Kansas City
2021-12-01T00:00:00
/beige-book-reports/2021/2021-12-kc
"Beige Book Report: Kansas City\nDecember 1, 2021\nSummary of Economic Activity\nThe Tenth District economy continued to expand at a moderate pace through November. Activity at non-durable manufacturing facilities rose and durable goods production remained at high levels. Several contacts noted a shift in their approac...
Minneapolis
2021-12-01T00:00:00
/beige-book-reports/2021/2021-12-mi
"December 1, 2021\nSummary of Economic Activity\nThe Ninth District economy grew moderately since early October. Employment saw moderate growth, with labor availability holding back robust hiring demand. Wage pressures were strong, while price pressures increased moderately from elevated levels. Growth was noted in com...
Cleveland
2021-12-01T00:00:00
/beige-book-reports/2021/2021-12-cl
"December 1, 2021\nSummary of Economic Activity\nEconomic activity in the Fourth District accelerated somewhat in recent weeks after having decelerated over the summer and early fall. While most businesses indicated that demand for their goods and services remained solid, some suggested that persistent supply-side disr...
National Summary
2021-12-01T00:00:00
/beige-book-reports/2021/2021-12-su
"Beige Book: National Summary\nDecember 1, 2021\nThis report was prepared at the Federal Reserve Bank of Chicago based on information collected on or before November 19, 2021. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Rese...
New York
2021-12-01T00:00:00
/beige-book-reports/2021/2021-12-ny
"Beige Book Report: New York\nDecember 1, 2021\nSummary of Economic Activity\nThe Second District economy continued to expand at a modest pace, with contacts in most sectors continuing to express optimism about the near-term outlook. Both wages and prices have continued to accelerate, as supply disruptions and labor sh...
Chicago
2021-12-01T00:00:00
/beige-book-reports/2021/2021-12-ch
"December 1, 2021\nSummary of Economic Activity\nEconomic activity in the Seventh District increased moderately in October and early November, and contacts expected a similar pace of growth over the coming months. Labor and materials supply constraints as well as the spread of COVID-19 continued to weigh on the expansi...
Philadelphia
2021-12-01T00:00:00
/beige-book-reports/2021/2021-12-ph
"December 1, 2021\nSummary of Economic Activity\nOn balance, business activity in the Third District grew moderately\u2014a faster pace than during the prior Beige Book period. Still, activity in most sectors had not yet returned to pre-pandemic levels. The rate of all persons being fully vaccinated against COVID-19 ro...
Richmond
2021-12-01T00:00:00
/beige-book-reports/2021/2021-12-ri
"December 1, 2021\nSummary of Economic Activity\nThe Fifth District economy continued to grow at a modest pace since our previous report. Manufacturing activity picked up modestly and lead times lengthened but producers struggled to keep up with demand due to supply and labor shortages. Ports and trucking companies saw...
Atlanta
2021-12-01T00:00:00
/beige-book-reports/2021/2021-12-at
"December 1, 2021\nSummary of Economic Activity\nEconomic activity in the Sixth District grew at a moderate pace from October through mid-November. Demand for labor remained strong amid a tight market. Reports of wage increases were pervasive. Nonlabor costs continued to rise, and pricing power strengthened. The pace o...
Boston
2021-12-01T00:00:00
/beige-book-reports/2021/2021-12-bo
"December 1, 2021\nSummary of Economic Activity\nBusiness activity in the First District expanded at a modest pace on balance, but results were somewhat mixed. Retail sales softened slightly, while restaurant sales rebounded in September following weakness in August attributed to the Delta variant surge. Manufacturers ...
San Francisco
2021-12-01T00:00:00
/beige-book-reports/2021/2021-12-sf
"Beige Book Report: San Francisco\nDecember 1, 2021\nSummary of Economic Activity\nEconomic activity in the Twelfth District strengthened moderately during the reporting period of October through mid-November. Employment rose at a moderate pace, while overall conditions in the labor market remained tight. The overall p...
St Louis
2021-12-01T00:00:00
/beige-book-reports/2021/2021-12-sl
"Beige Book Report: St Louis\nDecember 1, 2021\nSummary of Economic Activity\nEconomic conditions have shown modest improvement since our previous report. Employers reported difficulties adding workers to meet rising consumer demand, with significant wage increases increasingly common across industries. Supply chain co...
Boston
2021-10-20T00:00:00
/beige-book-reports/2021/2021-10-bo
"October 20, 2021\nSummary of Economic Activity\nBusiness activity in the First District expanded at a modest to moderate pace. Software and IT firms posted moderate revenue gains on balance. Retail sales were stable or up modestly and easily exceeded pre-pandemic levels; demand for new and used autos continued to outs...
National Summary
2021-10-20T00:00:00
/beige-book-reports/2021/2021-10-su
"Beige Book: National Summary\nOctober 20, 2021\nThis report was prepared at the Federal Reserve Bank of Richmond based on information collected on or before October 8th, 2020. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Res...
Atlanta
2021-10-20T00:00:00
/beige-book-reports/2021/2021-10-at
"October 20, 2021\nSummary of Economic Activity\nEconomic activity in the Sixth District expanded at a moderate pace from mid-August through September. Demand for labor was strong, and worker supply remained extremely tight. Reports of wage increases, along with signing and retention bonuses, were widespread. Some nonl...
Kansas City
2021-10-20T00:00:00
/beige-book-reports/2021/2021-10-kc
"Beige Book Report: Kansas City\nOctober 20, 2021\nSummary of Economic Activity\nThe Tenth District economy expanded at a moderate pace through September. Ongoing growth in manufacturing alongside renewed growth in the energy sector and steady consumer spending supported the regional economy. Increases in oil and natur...
Minneapolis
2021-10-20T00:00:00
/beige-book-reports/2021/2021-10-mi
"October 20, 2021\nSummary of Economic Activity\nThe Ninth District economy grew moderately since late August. Employment saw moderate growth, with hiring demand continuing to outpace labor availability. Wage pressures were strong, while price pressures increased slightly from an already elevated level. Growth was note...
Cleveland
2021-10-20T00:00:00
/beige-book-reports/2021/2021-10-cl
"October 20, 2021\nSummary of Economic Activity\nEconomic activity in the Fourth District remained strong in recent weeks, although the pace of growth moderated somewhat amid persistent supply chain disruptions. Broadly speaking, demand for both consumer and business goods and services remained solid, but contacts in s...
St Louis
2021-10-20T00:00:00
/beige-book-reports/2021/2021-10-sl
"Beige Book Report: St Louis\nOctober 20, 2021\nSummary of Economic Activity\nEconomic conditions have continued to improve at a moderate pace since our previous report. Contacts continued to cite labor shortages and supply chain disruptions as primary issues. Increased input costs have led to cost pressures across ind...
Dallas
2021-10-20T00:00:00
/beige-book-reports/2021/2021-10-da
"October 20, 2021\nSummary of Economic Activity\nSolid expansion continued in the Eleventh District economy, though COVID-19 and labor and supply-chain constraints remained headwinds. Growth in the manufacturing and nonfinancial services sectors was strong, and retail sales rose at an average pace. Home sales were stea...
New York
2021-10-20T00:00:00
/beige-book-reports/2021/2021-10-ny
"Beige Book Report: New York\nOctober 20, 2021\nSummary of Economic Activity\nEconomic growth in the Second District slowed to a modest pace, as supply disruptions and labor shortages have impeded economic activity. Still, contacts remained largely optimistic about the near-term business outlook. The job market has rem...
Chicago
2021-10-20T00:00:00
/beige-book-reports/2021/2021-10-ch
"October 20, 2021\nSummary of Economic Activity\nEconomic activity in the Seventh District increased modestly in late August and September, and contacts expected growth to continue at that pace in the coming months. Labor and materials supply constraints as well as the spread of COVID-19 continued to weigh on the expan...
San Francisco
2021-10-20T00:00:00
/beige-book-reports/2021/2021-10-sf
"Beige Book Report: San Francisco\nOctober 20, 2021\nSummary of Economic Activity\nEconomic activity in the Twelfth District strengthened moderately during the reporting period of mid-August through September. The overall price level moved up notably, driven by increases in transportation and input costs. Conditions in...
Philadelphia
2021-10-20T00:00:00
/beige-book-reports/2021/2021-10-ph
"October 20, 2021\nSummary of Economic Activity\nOn balance, business activity in the Third District grew modestly \u2013 a slower pace than during the prior Beige Book period. Moreover, activity in most sectors had still not returned to pre-pandemic levels. The rate of all persons being fully vaccinated against COVID-...
Richmond
2021-10-20T00:00:00
/beige-book-reports/2021/2021-10-ri
"October 20, 2021\nSummary of Economic Activity\nThe regional economy grew modestly in recent weeks. Firms across a variety of sectors noted that demand outpaced their ability to meet it because of shortages in labor, finished goods, parts, and raw materials. Manufacturers saw a slight slowdown in activity amid strong ...
Richmond
2021-09-08T00:00:00
/beige-book-reports/2021/2021-09-ri
"September 8, 2021\nSummary of Economic Activity\nThe regional economy continued to grow at a moderate rate in recent weeks, but firms across a variety of sectors reported constraints to growth. Manufacturing activity picked up moderately, but some manufacturers were unable to keep up with demand due to shortages of in...
San Francisco
2021-09-08T00:00:00
/beige-book-reports/2021/2021-09-sf
"Beige Book Report: San Francisco\nSeptember 8, 2021\nSummary of Economic Activity\nEconomic activity in the Twelfth District increased at a moderate pace during the reporting period of July through mid-August. Employment levels continued to expand despite labor shortages, and upward wage pressures intensified in almos...
New York
2021-09-08T00:00:00
/beige-book-reports/2021/2021-09-ny
"Beige Book Report: New York\nSeptember 8, 2021\nSummary of Economic Activity\nEconomic growth in the Second District returned to a more moderate pace in the latest reporting period, as the Delta variant has become more prevalent. Still, contacts continued to express fairly widespread optimism about the business outloo...
Minneapolis
2021-09-08T00:00:00
/beige-book-reports/2021/2021-09-mi
"September 8, 2021\nSummary of Economic Activity\nNinth District economic activity grew at a moderate pace since mid-July. Employment saw strong growth, though hiring demand continued to outpace labor's response. Wage and price pressures were strong, with wholesale price pressures remaining higher than those for consum...
St Louis
2021-09-08T00:00:00
/beige-book-reports/2021/2021-09-sl
"Beige Book Report: St Louis\nSeptember 8, 2021\nSummary of Economic Activity\nEconomic conditions have continued to improve at a moderate pace since our previous report. Contacts reported that ongoing labor and raw material shortages are holding back growth. Customer spending has been unchanged since the previous repo...
Kansas City
2021-09-08T00:00:00
/beige-book-reports/2021/2021-09-kc
"Beige Book Report: Kansas City\nSeptember 8, 2021\nSummary of Economic Activity\nThe Tenth District economy grew at a modest pace through August, as the pace of growth in the services sector slowed slightly. Most businesses indicated they do not anticipate changes in activities due to the recent surge in COVID cases, ...
Philadelphia
2021-09-08T00:00:00
/beige-book-reports/2021/2021-09-ph
"September 8, 2021\nSummary of Economic Activity\nOn balance, business activity in the Third District continued to grow moderately during the current Beige Book period; however, activity in most sectors has not yet returned to pre-pandemic levels. The rate of adults being fully vaccinated against COVID-19 slowed but ro...
National Summary
2021-09-08T00:00:00
/beige-book-reports/2021/2021-09-su
"Beige Book: National Summary\nSeptember 8, 2021\nThis report was prepared at the Federal Reserve Bank of New York based on information collected on or before August 30, 2021. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Rese...
Dallas
2021-09-08T00:00:00
/beige-book-reports/2021/2021-09-da
"September 8, 2021\nSummary of Economic Activity\nSolid expansion continued in the Eleventh District economy, though surging COVID-19 cases has added uncertainty to outlooks. Growth in the manufacturing and nonfinancial services sectors remained strong, and retail sales rose in August after holding steady in recent mon...
Boston
2021-09-08T00:00:00
/beige-book-reports/2021/2021-09-bo
"September 8, 2021\nSummary of Economic Activity\nBusiness activity continued to grow at a modest to strong pace in the First District in the Summer of 2021. Contacts across a wide cross-section of the economy reported strong demand. Residential real estate markets across the region continued to experience exceptional ...
Chicago
2021-09-08T00:00:00
/beige-book-reports/2021/2021-09-ch
"September 8, 2021\nSummary of Economic Activity\nEconomic activity in the Seventh District increased moderately in July and early August and contacts expected growth to continue at that pace in the coming months. Labor and materials supply constraints as well as rising COVID-19 cases weighed on the expansion. Employme...
Atlanta
2021-09-08T00:00:00
/beige-book-reports/2021/2021-09-at
"September 8, 2021\nSummary of Economic Activity\nEconomic activity in the Sixth District expanded moderately from July through mid-August. Demand for labor intensified, and worker availability remained extremely tight. Reports of increasing wage pressures continued and were more wide spread. Some nonlabor costs contin...
Cleveland
2021-09-08T00:00:00
/beige-book-reports/2021/2021-09-cl
"September 8, 2021\nSummary of Economic Activity\nEconomic activity grew solidly, albeit at a somewhat slower pace than in the previous reporting period. Customer demand was solid for firms across a broad range of industries. That said, supply constraints limited many firms' ability to keep up with growing demand. This...
Richmond
2021-07-14T00:00:00
/beige-book-reports/2021/2021-07-ri
"July 14, 2021\nSummary of Economic Activity\nThe regional economy continued to grow at a moderate rate in recent weeks. Manufacturers experienced robust demand and increases in shipments and new orders. District ports reported strong growth in volumes driven by imports of retail goods and exports of agriculture produc...