Economic Report: Last burst of leisure spending leads to modest U.S. growth in summer months, Fed’s Beige Book says

by | Sep 6, 2023 | Stock Market

The outlook: The U.S. economy grew at a modest pace in July and August, bolstered by “the last stage of pent-up demand” for leisure activities, according to the Federal Reserve’s latest survey of economic conditions that is known as the “Beige Book.” What happened: Outside of leisure travel, nonessential retail sales slowed, the survey said. Auto…

Article Attribution | Read More at Article Source

Share This