Beige Book: US economic conditions have stabilized or improved modestly

Filed under: Industry, Market matters, Commodities, Oil, Headline news, Agriculture, Housing, Federal Reserve, Recession

What is the Beige Book and what does it contain? The US Federal Reserve keeps anecdotal reports on the economy in what is called the "Beige Book." Here are some notes on the key topics:

• There was some improvement in two of the hardest hit areas -- residential real estate and manufacturing.


• Gains in economic activity generally outnumbered declines.


• "Grim" was how the Fed described commercial real estate, "with conditions described as either weak or deteriorating across all districts." Regional banks said they did not see improvement in commercial real estate going forward into 2010.

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Beige Book: US economic conditions have stabilized or improved modestly originally appeared on BloggingStocks on Wed, 21 Oct 2009 18:30:00 EST. Please see our terms for use of feeds.

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