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Fed Beige Book sees recovery as minimal but moving forward
The Fed chair Alan Greenspan told the Senate Banking Committee that the economy is scarcely moving yet still advancing, with the beige book noting weak activity and varied factory output. The report precedes the August policy meeting as rate cuts and refinancing trends shape housing and manufacturing in regions including Cleveland, Chicago, Richmond, St. Louis, and Kansas. The farm sector shows modest improvement amid rains easing drought stresses.
MENTIONED IN THIS ARTICLE
Fed
Greenspan
Senate Banking Committee
Nation of Realtors
Cleveland
Chicago
Richmond
Kansas