In February, “businesses were generally optimistic about the near term but to a somewhat lesser degree than in the prior report,” according to the Federal Reserve’s so-called Beige Book. As a compilation of anecdotal information, the report is an important tool for planners, developers, and financial institutions because its content is produced and disseminated before the Fed makes interest rate decisions. The Beige Book, which is based on information collected between Jan. 10 and Feb. 17, says the U.S. economy continues to meander along at a somewhat sluggish pace. The report fits with the most recent estimate from the Atlanta Fed regarding [...]
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3/3/17 6:09 PM