posted on 03 June 2015
Econintersect: The consolidated economic report from the 12 Federal Reserve Districts (Beige Book) said that "overall economic activity expanded during the reporting period from early April to late May". The previous report said "that the economy continued to expand across most regions from mid-February through the end of March". It is hard to tell if overall growth went up or down - and the usefulness of the Beige Book is diminished when the Fed does not "guess" whether there was a change in the rate of growth.
Please see the end of this post for words the Federal Reserve uses when the economy is entering a recession.
This report is based on information collected on or before 22 May 2015. The summary for this 03 June 2015 release reads as follows:
Click the "source" hyperlink below to read the full report.
The Beige Book is a summary of current economic conditions:
Fed's Words When Economy is entering a Recession
For the December 2007 recession, here is the lead up summary words from the Beige Books:
For the March 2001 recession which ended in November 2001, here are the Beige Book summary words:
Source: Federal Reserve
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