Economy
September 3, 2020
Fed Beige Book: Modest Economic Acceleration in August
Written by Sandy Williams
Economic activity increased modestly in most of the U.S. in August but remained well below pre-COVID-19 levels, said the Federal Reserve in its latest Beige Book publication. “Continued uncertainty and volatility related to the pandemic, and its negative effect on consumer and business activity, was a theme echoed across the country,” said the Fed in its report.
Manufacturing rose in most Districts and spurred activity at ports, in transportation and at distribution firms.
