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January 2021 Beige Book: Growth Now Seen As Only Modest

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Written by Steven Hansen

The consolidated economic report from the 12 Federal Reserve Districts (Beige Book) stated: “Most Federal Reserve Districts reported that economic activity increased modestly since the previous Beige Book period, although conditions remained varied: two Districts reported little or no change in activity, while two others noted a decline. Reports on consumer spending were mixed“. The previous report stated: “Most Federal Reserve Districts have characterized economic expansion as modest or moderate since the prior Beige Book period. However, four Districts described little or no growth, and five narratives noted that activity remained below pre-pandemic levels for at least some sectors“.

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Source: http://econintersect.com/pages/releases/release.php?post=202101131359



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