The Federal Reserve’s latest Beige Book — covering April to mid-May — reveals a continuation of modest economic expansion across most Districts, though two Districts noted no change in activity from the prior release.
The Beige Book provides qualitative data gathered by Federal Reserve policymakers from business contacts across Fed Districts. This data includes insights into economic conditions and trends, which policymakers consider alongside quantitative data to inform their decisions on monetary policy.
Notably, Thursday will bring the second estimate of Q1 U.S. gross domestic product, initially showing a 1.3% annualized growth, while Friday will feature the highly anticipated Personal Consumption Expenditure (PCE) price index for April, the Fed’s preferred inflation measure.
Key Insights From May’s Fed Beige Book
Consumer Spending and Retail:
Overall Activity: Retail spending was flat to slightly up, reflecting reduced discretionary spending and heightened price sensitivity among consumers.
Auto Sales: Auto sales were stable, with some districts noting manufacturers offering incentives to boost sales.
Travel and Tourism: Strengthened nationwide, driven by increased leisure and business travel, though the hospitality sector’s outlook for the summer was mixed.
Manufacturing and Services:
Nonfinancial Services: Demand rose, with transportation services showing mixed results. Port and rail activity increased, while trucking and freight demand varied.
Nonprofits and Community Organizations: Continued to report solid demand for their services.
Manufacturing: Described as flat to slightly …
Full story available on Benzinga.com
The Federal Reserve’s latest Beige Book — covering April to mid-May — reveals a continuation of modest economic expansion across most Districts, though two Districts noted no change in activity from the prior release.
The Beige Book provides qualitative data gathered by Federal Reserve policymakers from business contacts across Fed Districts. This data includes insights into economic conditions and trends, which policymakers consider alongside quantitative data to inform their decisions on monetary policy.
Notably, Thursday will bring the second estimate of Q1 U.S. gross domestic product, initially showing a 1.3% annualized growth, while Friday will feature the highly anticipated Personal Consumption Expenditure (PCE) price index for April, the Fed’s preferred inflation measure.
Key Insights From May’s Fed Beige Book
Consumer Spending and Retail:
Overall Activity: Retail spending was flat to slightly up, reflecting reduced discretionary spending and heightened price sensitivity among consumers.
Auto Sales: Auto sales were stable, with some districts noting manufacturers offering incentives to boost sales.
Travel and Tourism: Strengthened nationwide, driven by increased leisure and business travel, though the hospitality sector’s outlook for the summer was mixed.
Manufacturing and Services:
Nonfinancial Services: Demand rose, with transportation services showing mixed results. Port and rail activity increased, while trucking and freight demand varied.
Nonprofits and Community Organizations: Continued to report solid demand for their services.
Manufacturing: Described as flat to slightly …
Full story available on Benzinga.com
The Federal Reserve’s latest Beige Book — covering April to mid-May — reveals a continuation of modest economic expansion across most Districts, though two Districts noted no change in activity from the prior release.
The Beige Book provides qualitative data gathered by Federal Reserve policymakers from business contacts across Fed Districts. This data includes insights into economic conditions and trends, which policymakers consider alongside quantitative data to inform their decisions on monetary policy.
Notably, Thursday will bring the second estimate of Q1 U.S. gross domestic product, initially showing a 1.3% annualized growth, while Friday will feature the highly anticipated Personal Consumption Expenditure (PCE) price index for April, the Fed’s preferred inflation measure.
Key Insights From May’s Fed Beige Book
Consumer Spending and Retail:
Overall Activity: Retail spending was flat to slightly up, reflecting reduced discretionary spending and heightened price sensitivity among consumers.
Auto Sales: Auto sales were stable, with some districts noting manufacturers offering incentives to boost sales.
Travel and Tourism: Strengthened nationwide, driven by increased leisure and business travel, though the hospitality sector’s outlook for the summer was mixed.
Manufacturing and Services:
Nonfinancial Services: Demand rose, with transportation services showing mixed results. Port and rail activity increased, while trucking and freight demand varied.
Nonprofits and Community Organizations: Continued to report solid demand for their services.
Manufacturing: Described as flat to slightly …Full story available on Benzinga.com Read MoreBeige Book, Expert Ideas, GDP, Inflation, Interest Rates, Jerome Powell, Macro Economic Events, Macro Notification, Market Summary, SPY, Stories That Matter, TLT, Bonds, Broad U.S. Equity ETFs, Treasuries, Econ #s, Top Stories, Economics, ETFs, SPY, US78462F1030, TLT, US4642874329, Macro Economic Events, Market Summary, Macro Notification, Broad U.S. Equity ETFs, Bonds, Treasuries, Econ #s, Top Stories, Economics, ETFs, Benzinga Economics
