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Consumer spending in the regiom was weak and is expected to remain the closely watchedsurvey said, but “an uptick in manufacturingb orders helped stabilize expectations for future The Beige Book also said that “commercial real estate marke conditions deteriorated, and energy activity declined further.” Bankers, it “reported a rise in deposits and stable loan demand with no erosion in loan quality.” It said consumef price and wage pressures remained low.
producer prices “declined at a slower pace, with some firm s noting that higher commodity prices boosted material andfuel Overall, the latest regional Beige Book covering a six-week period — was somewhay more optimistic than the last released April 15. The report covers the Fed’ss Kansas City-based 10th District. It is basexd on interviews with a sample of businessesw representing key industries in each The reports are anecdotal and do notcontaib statistics, but they are widely followed and help the Fed to set nationa economic policy. The Fed’s 10th District includes Colorado, Nebraska, Oklahoma and Wyoming as well as western Missourui and northernNew Mexico.
Formally known as the “Summaryg of Commentary on Current Economivc Conditions by FederalReserve District,” the Beige Book is publishedf eight times a year. The latest report coveras late Aprilthrough May. The Federal Reserve’s 10th Districrt is also known as the Kansas City district becausethe reserve’s regional bank is based .
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