Fed Beige Book Shows Flat or Declining Economy in 9 of 12 Fed Districts

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Fed Beige Book Shows Flat or Declining Economy in 9 of 12 Fed Districts​

September 5, 2024

The economy is cooling must faster than most recognize. The Fed’s Beige Book provides more evidence.

The Beige Book is a summary of current economic conditions by the 12 Federal Reserve Districts.

The report is produced ahead of FOMC meetings. The Fed’s next monetary policy meeting is on September 18.

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Fed Beige Book Shows Flat or Declining Economy in 9 of 12 Fed Districts

The economy is cooling must faster than most recognize. The Fed’s Beige Book provides more evidence.

mishtalk.com

 

[Joe King]

Bidenomics in action.

 

[nickndfl]

That's not what the politicians in current power have been saying.. They been saying we are booming, but that's probably accounting for insider trading, bribes and shakedowns.

 

[Fatrat]

Raising the fed rates always cools the economy, that's why some people want to drop the rates....I don't think they have cooled inflation enough though.

 

[nickndfl]

They raised the rates so they could lower them when needed. The problem is the government is too invested in picking winners and losers with regulations and grants in addition to using investment banks as surrogates to pump the financial markets. Many of them are on the take and robbing the country blind.