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The Beige Book showed economic activity was “little changed in nearly all Districts” compared to August’s report which had three Districts showing growth and nine showing flat/declining activity.
Inflation Trends:
If anecdotal reports are at the front end of economic forecasting –as many at the Fed believe — then the comments in the Beige Book should soon start trickling into economic data. The market is on a sugar high from the Fed cuts and the sense of a Fed put but the soft landing scenario isn’t assured.
This article was written by Adam Button at www.forexlive.com.
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