Wednesday, April 17, 2013

Beige Book: District Ten sees growth at a 'moderate pace'

The Federal Reserve System released its Beige Book economic summary today. According to the national report: 

Reports from the twelve Federal Reserve Districts suggest overall economic activity expanded at a moderate pace during the reporting period from late February to early April. Activity in the Cleveland, Richmond, St. Louis, Minneapolis, and Kansas City Districts was characterized as growing at a moderate pace, while the Boston, Philadelphia, Atlanta, Chicago, and San Francisco Districts noted modest growth. The New York and Dallas Districts indicated that the pace of expansion accelerated slightly since the previous Beige Book.

According to the report from the Kansas City Fed's district, which includes Colorado, 'expectations for future activity strengthened.'

'Residential real estate activity rose sharply in March, and commercial real estate activity strengthened' while in banking, banks reported 'stable loan demand, improving loan quality, and stronger deposits.'

See the full KC district report