Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Fed: Economic Activity Grew Gradually in July

Details

  • Description

    FBN's Peter Barnes breaks down the Fed's August beige book.

  • Duration 1:10
  • Date

Clips

Also in this playlist...

Economy

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

The Fed's Beige Book Peter when he got.

Project -- there is ammunition and the Fed's August Beige Book for members who want to vote for more monetary easing when the FOMC meets next on September 12 reports from the twelve fed bank districts say that quote quote suggest economic activity continued to expand gradually in July and early August across most regions.

And sectors.

Now -- inflation under control Fed Chairman Ben Bernanke and other fed members have made it clear that getting unemployment down.

Is the top priority for the Fed right now and the Beige Book says quote.

Most districts reported that employment was holding steady or growing only slightly.

Other reports suggest that manufacturing in particular is taking a hit.

Quote many districts report some softening in manufacturing weakness overseas -- remains a problem with sales in Europe and Asia softening.

But real estate was a positive in the Beige Book with all twelve districts.

Reporting increased home sales home prices or housing construction and most districts reported higher retail spending --

Load More