Beige Book sees

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The report covers a period from mid-April to the end of May. Deman d was soft for retail goodse and demand forservices fell. But home sales firmed up in many parts ofthe Fed’s 12th Inflation was quiet, and upward pressure on wages will essentially nil in the the Fed said. Manufacturin remained at an extremelhlow level, or fell, althougnh conditions improved for information technology Home construction stayed at low and commercial real estate demand continued to Loan demand weakened and credit remaines tight. The Beige Book is the Fed’as summary of current economic conditions for each FederalReserve district. It is published eighft times a year.
The 12th district, based in San covers nine western states, including Alaska and Hawaii. The full Beig e Book is .