U.S. Federal Reserve Beige Book: Boston District (Text)
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The following is the text of
the Federal Reserve Board’s First District-- Boston.
FIRST DISTRICT - BOSTON
Reports from business contacts in the First District reflect a
growing economy, although the pace of growth appears to be
somewhat slower than in the last round. Retailers cite mixed
sales results, manufacturers note slow growth, and software and
IT services firms report disappointing results. By contrast,
staffing firms are seeing a pick-up in growth. Commercial real
estate contacts indicate that fundamentals remain flat, and
sentiment has soured somewhat Continue reading >>>