BEIGE BOOK
09/05/2024 |
Today’s release of the Fed’s Beige Book, covering economic activity from mid-July through the end of August, will not be a best seller. Three months ago, 10 Fed districts exhibited growth, while two recorded “flat or declining activity.” Six weeks ago, seven Fed districts showed growth, five recorded no growth or declining growth. Now, just three districts saw growth, while nine were, at best, flat. The trend is most disturbing.