Fed's Beige Book: Pace of Decline Slowing In Parts Of U.S.
Earlier this afternoon, the Federal Reserve released its most recent version of its Beige Book -- the eight-times-per-year collection of anecdotal economic reports from the Fed's 12 districts across the nation.
Though it still paints a pretty dim picture of the economy, it's not as bad as the last few.
Here's the lead to the report:
"Reports from the Federal Reserve Banks indicate that overall economic activity contracted further or remained weak. However, five of the twelve Districts noted a moderation in the pace of decline, and several saw signs that activity in some sectors was stabilizing at a low level."
The Beige Book is so titled because of the color of its cover.
You can read the entire Beige Book report here.
April 15, 2009; 2:40 PM ET
Categories: The Ticker | Tags: Beige Book, Federal Reserve
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