The Briefing Room
General Category => Economy/Business => Topic started by: rangerrebew on July 13, 2017, 09:37:15 am
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Consumer spending rising, but still soft in some regions: Fed
By Matthew Rocco Published July 12, 2017
Consumer spending improved in a majority of Federal Reserve districts, but some areas saw a weakening retail picture due to softer auto sales, according to the central bank’s latest report on the U.S. economy.
The Beige Book, a survey of economic conditions across the Fed’s 12 districts, noted that spending “appears to be rising” across most regions amid increases in non-auto retail sales and tourism. Still, other districts haven’t fared as well.
http://www.foxbusiness.com/markets/2017/07/12/consumer-spending-rising-but-still-soft-in-some-regions-fed.html