Beige Book: Economy Still Sluggish

Newman, Emily
June 2003
Bond Buyer;6/12/2003, Vol. 344 Issue 31655, p2
Trade Publication
The article cites a report by the United States Federal Reserve Board (Fed) on June 11, 2003 regarding the country's economy. Overall consumer spending remained lackluster. Fed described the outlook for consumer spending as cautiously optimistic. Auto sales were mixed in April and May, with most districts reporting that dealer inventories had risen above desired levels. Fed cautioned that overall commercial real estate continues to be soft, with only scattered indications of conditions stabilizing at a low level.


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