Beige Book: Economic activity expanded at modest to moderate rate

Highlights of the Beige Book:

  • There were indications virus impacted travel and tourism
  • Virus delays some supply chains, producers fear disruption
  • Most districts saw modest growth in selling prices
  • Hiring was constrained by a tight labor market
  • US consumer spending generally picked up but it was uneven across nation

This is old news as the survey was done before any real fears of a pandemic.

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