Federal Reserve

The Federal Reserve released the Beige Book for the Fourth District (headquartered in Cleveland, but covering Pittsburgh). The link to the entire text of the book is below. Some notable items of interest...

1.) "Economic growth in the Fourth District, although positive, has slowed since our last report."

2.)"...demand for business and consumer loans was steady to declining during the past six weeks."

3.) "New home sales in the District were unchanged or declined since our last report."

Beige Book for the Fourth District