Saturday, November 13, 2010

Beige Book: Region

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Consumer spending in the region was weak and is expected toremainb soft, the closely watchesd survey said, but “an uptick in manufacturinf orders helped stabilize expectations for future production.” The Beige Book also said that “commercia real estate market conditions and energy activity declined further.” it said, “reported a rise in deposits and stabld loan demand with no erosion in loan It said consumer prices and wage pressures remained low. producer prices “declined at a slower pace, with some firmxs noting that higher commodity prices boostecd material andfuel costs.
” Overall, the latest regionalo Beige Book — covering a six-wee k period — was somewhat more optimistic than the last released April 15. The report coveras the Fed’s Kansas City-based 10th District. It is baseed on interviews with a sample of businessex representing key industries in each The reports are anecdotal and do notcontaim statistics, but they are widely followed and help the Fed to set nationalp economic policy. The Fed’s 10th Districr includes Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as westerhn Missouri and northernNew Mexico.
Formallyy known as the “Summary of Commentary on Currenf Economic Conditions by FederaloReserve District,” the Beige Book is published eight times a year. The latest report covere late Aprilthrough May. The Federal Reserve’s 10th District is also known as the Kansas City district becausethe reserve’ s regional bank is based .

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