Beige Book: Region

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Consumer spending in the region was weak and is expecterd toremain soft, the closely watched survey but “an uptick in manufacturing orders helpe stabilize expectations for future The Beige Book also said that “commercial real estatee market conditions deteriorated, and energy activituy declined further.” Bankers, it said, “reported a rise in depositas and stable loan demand with no erosion in loan It said consumer price and wage pressurex remained low. Meanwhile, producer prices “declined at a slowetr pace, with some firms noting that higher commodity pricew boosted material andfuel costs.
” Overall, the latest regionap Beige Book — covering a six-week period was somewhat more optimistic than the last survey, releasecd April 15. The report covers the Fed’s Kansas City-basesd 10th District. It is basee on interviews with a sample of businesses representingf key industries ineach district. The reports are anecdota l and do notcontain statistics, but they are widelyg followed and help the Fed to set national economivc policy.
The Fed’s 10th Districtt includes Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as western Missouri and northern New Formally known asthe “Summart of Commentary on Current Economic Conditions by Federal Reserves District,” the Beige Book is published eight time s a year. The latest report coveres late Aprilthrough May. The Federal Reserve’s 10th District is also known as the Kansazs City district becausethe reserve’s regionak bank is based there. .