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MNI BRIEF: Fed Beige Book Flags Regional Weakness

WASHINGTON (MNI)

The Fed's new Beige Book Wednesday shows some sign of deterioration in the outlook compared to October's reading of anecdotal reports from central bank business contacts.

"Most Federal Reserve Districts have characterized economic expansion as modest or moderate since the prior Beige Book period," the report said.

"However, four Districts described little or no growth, and five narratives noted that activity remained below pre-pandemic levels for at least some sectors."

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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