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.

-- Frank Ahrens
Sign up to get The Ticker on Twitter