BEIGE BOOK
07/18/2024 |
Yesterday’s release of the Fed’s Beige Book, covering economic activity from mid-May through the end of June, will not be a best seller. While seven Fed districts exhibited growth, five districts recorded “flat or declining activity”. That is down from two six weeks ago, and is the same number, five, that presented in 1/08 and 3/01, both months that were the onset of recessions that were unexpected.