Beige Book Brighter

Zacks.com submits: by Dirk van Dijk

Zacks.com submits: By Dirk van Dijk

Zacks.com submits: By Dirk van DijkThe Federal Reserve’s Beige Book, a compilation of mostly anecdotal information from the 12 Federal Reserve districts was generally more upbeat than most recent Beige books have been:Complete Story »

By One Eyed Guide: The S&P 500 was up 2.8% on Wednesday, supposedly because of the good news in the September Beige Book. Don't bet on it. This was more likely a dead cat bounce as the Beige Book basically said that things were going to be slightly worse than they have been - and this mean worse than a 1% annual growth rate.

Fed Beige Book from the Federal Reserve: Economic activity has continued to increase, on balance, since the previous survey, although the Cleveland and Kansas City Districts reported that the level of economic activity generally held steady. … Manufacturing activity continued to expand in most Districts, although several Districts reported that activity had slowed or leveled off during [...]

WASHINGTON – The U.S. economy trucked along at a “measured” pace in recent weeks and hiring remained modest, according to a Federal Reserve report that did little to calm concerns about slow growth and high unemployment. Details from the manufacturing sector were mixed, the Fed said in its Beige Book report on Wednesday. Contacts in five of the Fed’s 12 districts reported worries about the outlook for 2013, predicated in part on concerns about a looming “fiscal cliff” contraction in the U.S. government’s budget.

U.S.