Fed's Beige Book: economy deteriorating
The latest edition of the Federal Reserve's Beige Book, a guide to business conditions in the 12 districts overseen by the regional Feds, indicates that economic activity deteriorated further in January and February.
Ten districts indicated weaker conditions or declines in economic activity, with those overseen by Chicago and Philadelphia being the only exception. Financial institutions indicated further falls in business loan demand, a slight deterioration in credit quality for businesses and
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