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Beige Book: Most Districts indicated economic growth was modest

Beige Book: Most Districts indicated economic growth was modest
Most Districts indicated economic growth was modest during July and AugustConsumer spending on tourism was stronger than expected but other retail spending continued to slow, especially non-essentialSome Districts highlighted reports suggesting consumers may have exhausted their savings and are relying more on borrowing to support spendingNew auto sales did expand in many Districts, but contacts noted this had more to do with better availability of inventory rather than increased consumer de... Read More
Posted: Sep 6 2023, 18:00
Author Name: forexlive
Views: 102187

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