posted on 02 September 2015
The consolidated economic report from the 12 Federal Reserve Districts (Beige Book) said that "economic activity continued expanding across most regions and sectors during the reporting period from July to mid-August". The previous report said "economic activity expanded from mid-May through June". It is hard to tell if overall growth rate went up or down - and the usefullness 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 24 August 2015. The summary for this 02 September 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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