Good news reported by latest Fed Beige Book

Summary

Almost all districts report a slow pace of economic activity in March and early April. Retail sales were weak in March, but strengthened in April. Still, retailers in most districts are expecting only small gains, at best, in upcoming months. Vehicle sales have been mixed, with demand for new SUVs, trucks and luxury cars generally down. Industrial activity has continued to weaken, with orders and production having fallen in many districts. Labor market tightness has eased in almost every

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