Federal reserve beige book january 2014

Two firms say they raised prices on january 1 and customers largely accepted. The following is the text of the federal reserve boards second district new york. The beige book summarizes this information by district and sector. The outlook among contacts was optimistic with most expecting modest growth for early 2014. Prepared at the federal reserve bank of boston and based on information collected on or before january 6, 2014. The following is the text of the federal reserve boards twelfth district san francisco.

Heres a quick summary of the march 2014 beige book, in one chart. The federal reserves beige book1 is a collection of reports from the 12. Beige book report from the federal reserve finds generally. Beige book board of governors of the federal reserve system. Business contacts indicated that from late november through december overall economic conditions improved moderately in the sixth district.

Here is the short answer describing the beige book from the board of governors of the federal reserve. Each federal reserve bank gathers anecdotal information on current economic conditions in its district through reports from bank and branch directors and interviews with key business contacts, economists, market experts, and other sources. Summary of economic activity aggregate third district business activity edged back to a slight pace of growth during the current beige book period. The federal reserve released wednesday the beige book report summarizing economic conditions across its 12 districts from january through early februaryand the word of the day was, naturally. Retail contacts continue to cite steady prices and predict modest price increases for 2014 in the range of 1. Education what is the beige book, and what role does it play in. Manufacturing slowed to a slight pace of growth, and financial services slowed to a modest pace. Shrimp prices going through roof, boeing pressuring. Southern methodist university and federal reserve bank of dallas. The summerfall of 2014 is slated to bring groundbreakings for two major 47.

Cold weather played havoc on many industries in january and february, the federal reserve s socalled beige book found. The beige book, a summary of current economic conditions in the eighth district is. The beige book, more formally called the summary of commentary on current economic conditions, is a report published by the united states federal reserve. Economic growth in the second district continued at a moderate pace in late 20. This document summarizes comments received from business and other contacts outside the federal reserve and is not a commentary on the views of federal reserve officials.

The following is the text of the federal reserve boards eleventh districtdallas. The federal reserve, the central bank of the united states, provides the nation with a safe, flexible, and stable monetary and financial system. The fed report was prepared by the boston federal reserve bank and was based on information collected before jan. Federal reserve economists arent quite sure just yet, according to the report. The following is the summary text of the federal reserve boards summary of commentary. Loan demand strengthened since the previous beige book. Contacts note that cost pressures have increased somewhat, while selling prices are mixed but generally stable. A staffing consultant in maryland noted that there is a greater sense of confidence going into 2014. The federal reserve board of governors in washington dc.