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Beige Book - January 13, 2020
Most Federal Reserve Districts reported that economic activity increased modestly since the previous Beige Book period, although conditions remained varied: two Districts reported little or no change in activity, while two others noted a decline. Reports on consumer spending were mixed. Some Districts noted declines in retail sales and demand for leisure and hospitality services, largely owing to the recent surge in COVID-19 cases and stricter containment measures. Most Districts reported an intensification of the ongoing shift from in-person shopping to online sales during the holiday season. Auto sales weakened ... (full story)
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- Posted: Jan 13, 2021 2:00pm
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 350
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