Fed’s latest Beige Book reports modest growth across US
Boston was only branch to report decreased activity since October
The US Federal Reserve’s regional branches reported slightly increased economic activity during 2024, according to the latest edition of its Beige Book.
The book, which compiles anecdotal reports from the Fed’s regional branches eight times a year, came out on December 4.
“Demand for mortgages was low overall, though reports on recent changes in home loan demand were mixed due to volatility in rates,” it said.
The Fed also found that employment levels were either flat or up only slightly across all
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