Beige Book At a Glance
Reports from the Federal Reserve Districts indicate that economic activity has continued to expand.
Most Banks reported that the recent developments in financial markets had led to tighter lending standards for residential mortgages.
Commercial real estate activity was generally stable to expanding.
Retail sales were generally positive, with increases characterized as modest to moderate.
Manufacturing [...]
Summary of Commentary on
Current Economic Conditions
by Federal Reserve District
July 25, 2007
Reports from the twelve Federal Reserve Banks indicated that economic activity continued to expand in June and early July. New York, Richmond, St. Louis, Minneapolis, and San Francisco described the pace of growth as “moderate” while Cleveland and Chicago saw it as “modest.” Philadelphia noted [...]
Filed in Beige Book, Chicago - 7th District, Employment, Federal Reserve, General Business Cycle, Housing, Industrial Production, Inflation, Interest Rates, Investment, Sentiment / Confidence
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