Federal Reserve’s Beige Book and weak US economic data confirm fears of steep slump
Dec 4th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Federal Reserve's Beige Book - - a report on the US economy based on anecdotal evidence from the Fed's 12 District banks - - on Wednesday showed that overall economic activity weakened across all Districts since the last report. Other economic data, on services and private sector jobs confirmed fears that a steep slump is underway.