Fed’s beige book reveals increased economic activity
The US Federal Reserve's Beige Book, published on August 29, said that economic activity "continued to expand gradually" across most regions and sectors in July and early August.
Credit conditions were reported to have improved, with lower credit spreads and increased competition between lending institutions for high-quality borrowers. The districts of New York and Cleveland also cited declining delinquency rates.
Across the 12 districts, retail spending and the real estate market were said to
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