The Federal Reserve’s “beige book” reported modest improvement in economic conditions since the previous report, with eight districts reporting improvement and the remaining four — Philadelphia, Cleveland, Richmond, and Atlanta — reporting conditions little changed and-or mixed.

Consumer spending picked up moderately, with a number of districts reporting relatively robust sales of used autos. Most districts said non-auto retailers were holding lean inventories going into the holiday season.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.