Four of the Federal Reserve’s 12 districts, including Atlanta, Cleveland, Dallas an Richmond, reported improved transportation activity for the period between mid-November and early January. Though its latest “beige book” reports that though the transportation sector is improving, economic activity remained low. Compiled eight times a year, beige book reports are based on anecdotal information on current economic conditions in the Fed’s 12 district through reports from bank and branch directors and interviews with key business contacts, economists, market experts, and other sources.
The U.S. economy continued to improve modestly from mid-November to early January and conditions have improved for transportation, but economic activity remained low, the Federal Reserve said Wednesday.
Five of the Fed’s 12 districts reported mixed or slightly improved transportation activity, with the Atlanta, Cleveland, Dallas and Richmond districts showing increased activity and Kansas City reporting mixed results, the Fed said in its latest “beige book” report, released eight times a year.
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