Federal Reserve's Beige Book report for early 2023

[Anonymous No.53992423]

The Federal Reserve's Beige Book report for early 2023 suggests that overall economic activity increased slightly, with six Federal Reserve districts reporting little or no change, and six indicating modest expansion. Supply chain disruptions continued to ease, while inflationary pressures remained widespread but moderated in some districts. Consumer spending held steady, though some districts reported moderate to strong growth in retail sales, and auto sales were little changed. Labor markets remained tight, with moderate employment gains and wage growth, though some firms reduced remote work options. Housing markets remained subdued, but some districts reported an unexpected uptick in activity beyond the seasonal norm. Commercial real estate activity was steady, with some growth in the industrial market but ongoing weakness in the office market. Loan demand declined, credit standards tightened, and delinquency rates edged up. Energy activity was flat to down slightly, and agricultural conditions were mixed. Contacts did not expect economic conditions to improve much in the months ahead.

Released on 8/3/23

You are welcome

[Anonymous No.53992580]

>>53992423
bearish

[Anonymous No.53992951]

>>53992423
But the news tell me we are on the brink of collapse???? We are all going to die???? Sell everything and run?????!

[Anonymous No.53992999]

>>53992423
Thanks. I'm all in on UPRO since yesterday, too much bearish sentiment lately