Beige Book: Some Districts Slowing (DJIA)
By Swing Trader
July 28, 2010 1:19 PM
July 28, 2010 1:19 PM
The Fed's latest Beige Book summary of national economic conditions basically confirmed what we already know: It's going to be a long, slow recovery.
The Fed noted that economic activity has continued to increase, on balance, since the previous survey. Two districts, Atlanta and Chicago, said the pace of economic activity had slowed recently.
Manufacturing activity continues to expand in most districts, although several noted that activity had slowed or leveled off. Commercial real estate remained weak and bank loan demand remained soft.
The Dow Jones Industrial Average (DJIA) is currently down 29 points, to 10,508 with just over 90 minutes left in the trading day.
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