Fed Beige Book Released

The Federal Reserve just released its Beige Book and it shows that economic activity is continuing to expand, but at a slower pace. Some regions are decelerating. The only region to report accelerating growth is Dallas. Higher food and energy prices weighed on consumer spending, and agricultural conditions have been unfavorable through out the nation. Cleveland, Atlanta, and St. Louis cited auto declines, and Richmond cited a decline in auto deliveries. Here is the link to the Beige Book in its