Federal Reserve Bank of Richmond Issues Beige Book - May 29, 2024
May 30, 2024
May 30, 2024
WASHINGTON, May 30 (TNSres) -- The Federal Reserve Bank of Richmond issued the following Beige Book on May 29, 2024:
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Summary of Economic Activity
The regional economy grew at a modest rate in recent weeks. Consumer spending on retail, restaurants, and leisure travel increased this period but new vehicle sales were down slightly. Import activity ramped up both from natural growth and from cargo that was diverted from Baltimore. Near the end of the repo . . .
* * *
Summary of Economic Activity
The regional economy grew at a modest rate in recent weeks. Consumer spending on retail, restaurants, and leisure travel increased this period but new vehicle sales were down slightly. Import activity ramped up both from natural growth and from cargo that was diverted from Baltimore. Near the end of the repo . . .