ABA-Beige Book: Economic Growth Slows.

ENPNewswire-September 9, 2021--ABA-Beige Book: Economic Growth Slows

(C)2021 ENPublishing - http://www.enpublishing.co.uk

Release date- 08092021 - Economic growth slowed slightly to a moderate pace from early July to August, as dining out, travel and tourism declined due to safety concerns around the rise of the COVID-19 Delta variant, according to the Federal Reserve's sixth Beige Book release of the year.

The report was based on information collected through Aug. 30.

Additional causes of the slowdown were attributed to supply disruptions and labor shortages. Among other things, auto sales were weak due to a shortage of microchips and home sales restrained on low supply.

Districts reported that inflation was steady but elevated, with half of the 12 districts saying the pace of price increases was strong...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT