Fed's Beige Book Says U.S. Economy Continued To Expand, Prices Rose Modestly
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The Federal Reserve's Beige Book reports that the U.S. economy continued to expand from early April to mid-May, with most districts reporting slight or modest growth. Retail spending was described as flat to slightly up, while travel and tourism strengthened. Demand for non-financial services rose, transportation services activity was mixed, and manufacturing activity was flat to up. Overall employment rose slightly, with wage growth remaining moderate. Prices increased at a modest pace and are expected to continue growing. The Beige Book is released two weeks ahead of the Fed's next monetary policy meeting scheduled for June 11-12.
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https://www.rttnews.com/3450960/fed-s-beige-book-says-u-s-economy-continued-to-expand-prices-rose-modestly.aspx
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