Ominous Beige Book Warns Consumers “Exhaust Savings” As Recession Mentions Soar To 5 Year High
September 06, 2023 at 15:08 PM EDT
The Fed’s latest beige book released this afternoon was a rather boring affair, one signaling US economic growth was “modest” during July and August. What was most interesting within this drab big picture, was the divergence within consumer spending, where according to the Beige Book, “consumer spending on tourism was stronger than expected, surging during […] Source
