The consolidated economic report from the 12 Federal Reserve Districts (Beige Book) stated the “economy continued to expand from late November through the end of the year, with 11 Districts reporting modest to moderate gains and Dallas recording a robust increase“. The previous report stated, “activity continued to increase at a modest to moderate pace in October and mid-November“.
Analyst Opinion of this month's Beige Book
Seems like the rate of growth was little changed from the last report.
Please see the end of this post for words the Federal Reserve uses when the economy is entering a recession. The Beige Book completely missed the 2001 recession and was late in seeing the Great Recession.
This report was prepared at the Federal Reserve Bank of Atlanta based on information collected on or before January 8, 2018. The summary for this release:
