Beige Book Reports Economy Is Improving
March 4, 2010 – The Federal Reserve’s Beige Book survey of national economic conditions reported that the economy is improving.
Bad weather was blamed for slow home sales and construction in New York, Philadelphia, and Atlanta. The Fed also reported sluggish lending with banks still cautious and borrowers reluctant to take out big loans.
Home and condo sales were up in Boston, Cleveland Kansas City, Dallas, and San Francisco.
