Breitbart Business Digest: Beige Book Provides Gloomy Outlook for U.S. Economy

There is a running joke in the Breitbart virtual newsroom that some of the most interesting economic news comes out of something with the blandest name imaginable: the Beige Book. I’m not sure who the brand manager is for the Beige Book, but they should be put on the unemployment line.is a report produced and published by the Federal Reserve eight times a year based on data and interviews from each of the 12 regional Fed banks.

The Fed, which is not known for its marketing acumen, gave the report a lame name, but we’re always excited when we get our hands on one. And much to our delight,—up from eight in the previous report, while the other two reported no changes in activity,” according to the report. — But! A number of the districts reported that Americans are tightening up when it comes discretionary spending, which indicates aat a strong level, but this is not as much a sign of economic strength as it is that dealers are overloaded with inventory and are trying to offload some of it.increased in most districts, which suggests that more Americans are accepting that interest rates are likely to stay elevated into 2025; thus, they have little incentive to delay purchases.

— One of the most troubling details that multiple firms conveyed was that, as it gets more expensive to bring goods to market, it is becoming increasingly difficult to pass cost increases onto consumers. In other words,. So, businesses are in the position where they will likely see smaller profit margins for the next survey period, or we’re going to see accelerated inflation data. This detail gave the report an air of foreboding.. Given our current immigration levels, this is hardly a surprise.

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