Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Beige Book Points Out Slow Gains

WASHINGTON, Nov. 30 (UPI) — The Federal Reserve said the U.S. economy has shown “slow to moderate” gains since mid-October.

In the Fed’s periodic summary of the U.S. economy, known as the Beige Book report, the central bank said “overall economic activity increased at a slow to moderate pace since the previous report.”

In recent reports, the Fed had been describing an economic recovery that was hanging tough, despite a long slide in stock markets that began with a set of dour manufacturing reports in May.

Stock markets on Wall Street took a surprising rebound Wednesday when the Fed announced it would coordinate with five other central banks — the European Central Bank and the central banks of Canada, Britain, Japan and Switzerland — to lower the cost of existing dollar swap lines by 50 basis points beginning Dec. 5.

The Dow Jones industrial average of blue-chip stock added 490 points, its largest one-day gain in 32 months.

Wednesday’s Beige Book report said “consumer spending rose modestly” in the past month, although the economy showed familiar weakness in housing and construction. Manufacturing “grew at a steady pace” across most of the country, the Fed said.

The employment situation was described as steady to mixed.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Beige Book Points Out Slow Gains”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.