The economy “slowed somewhat” recently, with the five eastern Federal Reserve districts reporting “weakening or softening,” Chicago reporting “sluggish” conditions, “and Kansas City noted a moderation in growth,” according to the Fed Beige Book released yesterday.

St. Louis reported stability, San Francisco said its economy showed “little or no growth,” and “Cleveland and Minneapolis reported slight increases in economic activity, while Dallas described growth as steady and moderate.”

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.