The U.S. economy remains in limbo, the latest Federal Reserve Beige Book confirmed.
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That sentiment was echoed in the Federal Reserve's beige book, an anecdotal summary of economic conditions across the central bank's 12 regional districts.
America's economic recovery continues to trudge along, and a round of upbeat data contributed to a surge for U.S. equities Wednesday, capped off by the Federal Reserve's Beige Book.
Normally the release of the Federal Reserve's Beige Book alone would give Wall Street plenty of material to obsess over, but on Wednesday there was the added element of a slew of scheduled comments by central bank officials.
The Federal Reserve's "beige book" report of economic conditions is due at 2 p.m.
Economic activity in the US has picked up pace since November, the Federal Reserve's latest Beige Book reports.
On Wednesday the Federal Reserve will release its Beige Book and on Thursday will be the weekly jobless claims.
The U.S. Federal Reserve's latest Beige Book on Wednesday confirmed what the world already knew: the American economy stinks.
Later in the day the Federal Reserve will release its Beige Book, an anecdotal collection of economic behavior througout the country.
Also next week, the Federal Reserve will release it Beige Book, which was prepared ahead of a Federal Open Market Committee meeting later this month.
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The European Central Bank and the Bank of England are both meeting on Thursday and the U.S. Federal Reserve will release its latest Beige Book on Wednesday.
Sales weakness in the retail sector, which the Federal Reserve pointed out in its latest Beige Book, extended beyond major big box stores.
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The Federal Reserve came out with its latest Beige Book report this afternoon, which showed modest expansion for the US economy in late November and December.
On Wednesday, the Federal Reserve Board comes out with their economic views in what is commonly known as the Beige Book, prepared ahead of the June 19 meeting of the Federal Open Market Committee.
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