Fed's Beige Book Summary…

By IBTimes Staff Reporter | April 14 2010 2:14 PM

Throughout today's Fed's Beige Book prepared at the Federal Reserve Bank of Minneapolis it has been attested that overall economic activity increased somewhat since the last report across all Federal Reserve Districts except St. Louis where economic conditions were weaker, however the manufacturing sector along with the housing sector across the country remain on showing further signs of enhancement and new orders were reported to have risen, however the commercial rel estate market was still weak in most districts.

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However, overall activity in the banking and finance sector was mixed in a number of Districts since that loan volumes and credit quality diminished, while that the nation's key sector, the labor market remains deeply deteriorated despite a slight improvement in hiring mostly for temporary staff.

Moreover, the Fed's beige book noted that wage pressures remained well under control, while retail prices were nearly unchanged, however, the Feds noted that some input prices increased over the past period, where this could fuel expectations that inflation might pose a threat over the long term.