Beige Book

April 16th, 2014 2:13 pm | by John Jansen |

Via CRT Capital:

EIGHT OF 12 FED DISTRICTS SAY GROWTH `MODEST OR MODERATE’ << same as last month
— CONSUMER SPENDING ROSE IN MOST AREAS AS WEATHER IMPROVED
>> specifically cited by NY and Philadelphia
— PRICE PRESSURES mostly steady, scattered reports of increases
— LABOR MARKET CONDITIONS `MIXED BUT GENERALLY POSITIVE’
— MANUFACTURING HAS IMPROVED IN MOST DISTRICTS
— ‘Scattered’ Reports of Price Increases, Minimal Wage Pressures
— Housing varied, most saw modest home price rises, low inventories
** Okay we’re going through this and find nothing remarkably notable other than the acknowledgement of the weather impact.  Overall it reflects a modest to moderate sense of economic growth, very limited inflation and wage pressures, and mixed ‘but generally positive’ on labor markets. Yawn.
** The market is doing nothing with this report which is probably too much!

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