The Federal Reserve’s latest Beige Book, a collection of economic information collected by each Federal Reserve District through Jan. 8 paints a picture of steady growth for the U.S. economy, with consumers displaying notable demand resilience during the holiday season.
“Consumers delivered some seasonal relief over the holidays,” according to the Fed Beige book released Wednesday. This trend notably exceeded expectations in three districts including New York, which “noted strong holiday spending on apparel, toys, and sporting goods.”
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