Fed Beige Book: Outlook Good

Newman, Emily
December 2004
Bond Buyer;12/2/2004, Vol. 350 Issue 32021, p2
Trade Publication
The article reports that economic growth continued from mid-October to mid-November, with 11 of the 12 Fed districts reporting solid expansion and Cleveland being the lone holdout, the Federal Reserve Board said in a report released yesterday. The optimistic economic picture may reinforce the view the Federal Open Market Committee will again raise interest rates at its December 14 meeting. Despite the brightening economic picture, consumer spending was once again RIEF uneven and automobile purchases slumped across the districts, the Fed said in its so-called Beige Book, a summary of commentary on current economic conditions by the 12 Fed districts.


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