Fed's Beige Book: The story is modest improvement in all segments, with stronger results in New...
Fed's Beige Book: The story is modest improvement in all segments, with stronger results in New York, Richmond, Chicago, Minneapolis and KC. Consumer spending reports are positive; lending is stable. The service sector seems to be key in recovery activity. Manufacturing keeps expanding; hiring improved in most areas. The bad news: Housing is depressed and is weakening further in several districts.
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