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Beige Book focuses on positive signals

  • The economy continued to expand at a "moderate to modest" pace, according to the Fed's Beige Book report that's notably short on negative trends.
  • Manufacturing continues to expand and managers are optimistic about the near-term. Retailers are positive about current activity (survey closed on Nov. 22) and "hopeful, but cautious" about the holiday season.
  • A number of districts reported an easing in lending standards.
Comments (2)
    In Nov 12 Bernanke had predicted a very good 2013 US economy.
    4 Dec 2013, 03:08 PM Reply Like
  • And did the beige book forecast the 2007 downturn? No, in fact it remained rosy even well after the downturn until it finally was realized by everyone the economic crash had happened months before. Relying on this is worse than a fortune teller, their methodology insures they will ever see a crash before it happens making the chances the fortune teller get it right much more likely than the Federal Reserve or their book of fairy tales.
    4 Dec 2013, 08:25 PM Reply Like
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