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Economy

Beige Book… A Hint of Things Better

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By Douglas A. McIntyre Updated Published
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The Federal Reserve has issued its most recent Beige Book, which does not really sound that much different from from many of the notes from the latest FOMC minutes.  The Fed noted slight improvement in 9 of 12 Fed districts.  Specifically noted in a region was that the Richmond region saw slackening activity due to storms.  Also noted was soft, yet a few good signs seen, in the labor market.  Consumer spending was also noted as slightly better than the last report,  While commercial real estate and construction have been weak, there has been an improvement in technology and in metals and autos.  On the banking front it was noted that loan demand is weak at the same time loan standards remain tight.  On inflation, it was noted that price pressures are limited except for the high prices of some raw materials and commodities; also noted in inflation was that selling prices remained stable due to competitive pressures and limited pricing power.  The energy drilling seems to be better as well, because it was noted that the districts reporting on energy activity said it continued to strengthen (particularly drilling for natural gas).

If you are an ultimate Fed-Head, the whole Beige Book can be found here at the Federal Reserve site.

JON C. OGG

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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