Fed’s Beige Book: Overall economic activity was little changed in recent weeks
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According to Federal Reserve’s Beige Book, the overall economic activity was little change in recent weeks. The report includes information collected until April 10 and is the first since the banking crisis. “Lending volumes and loan demand generally declined across consumer and business loan types” and “several Districts noted that banks tightened lending standards amid increased uncertainty and concerns about liquidity.”
The US Dollar remained in positive ground for the day after the Beige Book and US equities continued to waver. The DXY is up by 0.20%, slightly below 102.00.
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