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Fed's Beige Book pretty boring

Nothing earth shattering from the beige book. Services improved in most areas but manufacturing still weak. Fed noted slowing growth and generally lower prices (except for some input and retail prices). Consumer spending higher (marginally) and residential real estate weak.

Frankly, with the hawks (Plosser/Fisher) being fairly vocal against accomodation I see this report as taking some easing off the table. The doves are going to have a hard sell if they want to do more than an operation twist.