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Beige Book: Modest to moderate pace of economic expansion

  • Economic activity continued to expand at a "modest to moderate pace" throughout the nation. Manufacturing activity expanded modestly, residential real estate activity increased moderately in most districts, and demand for nonresidential real estate gained overall.
  • Lending activity was mixed - lending standards were largely unchanged, while credit quality improved.
  • Hiring held steady or increased modestly relative to the prior reporting period.
  • Full Beige Book report.
Comments (3)
  • American in Paris
    , contributor
    Comments (5504) | Send Message
     
    Eat your heart out Prophets of Doom!
    4 Sep 2013, 02:39 PM Reply Like
  • mrdirt
    , contributor
    Comments (656) | Send Message
     
    Overall this was similar to the previous beige book with economic activity increasing at a "modest to moderate" pace.

     

    Read more at http://bit.ly/15EdvVv
    4 Sep 2013, 04:05 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11765) | Send Message
     
    Strangely, this means rates must rise and QE needs tapering. Economic signals get really really mixed with government and central bank interference. Don't celebrate too hard on this report.
    4 Sep 2013, 07:53 PM Reply Like
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