Beige Book sees

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The report covers a period from mid-April to the end of May. Demanc was soft for retaik goods and demand forservices fell. But home sale s 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. Manufacturing remained at an extremelylow level, or although conditions improved for information technologh products. Home construction stayef at low levels, and commercial real estate demand continuecto drop. Loan demand weakened and credifremained tight. The Beige Book is the Fed’s summarty of current economic conditions for each FederallReserve district.
It is published eight times a The12th district, based in San Francisco, coverx nine western states, including Alaska and The full Beige Book is .