{"id":28972,"date":"2024-01-19T10:29:44","date_gmt":"2024-01-19T16:29:44","guid":{"rendered":"https:\/\/bankbeat.biz\/?p=28972"},"modified":"2024-01-19T10:29:44","modified_gmt":"2024-01-19T16:29:44","slug":"economic-activity-stagnant-in-recent-weeks","status":"publish","type":"post","link":"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/","title":{"rendered":"Economic activity stagnant in recent weeks"},"content":{"rendered":"

The U.S. economy was stagnant over the holiday season, according to the <\/span>Federal Reserve Beige Book<\/span><\/a>.\u00a0<\/span><\/p>\n

Economic activity slightly fell in the Minneapolis region, even as hiring trends remained positive. \u201cWage pressures continued to moderate, approaching pre-pandemic conditions,\u201d according to the Federal Reserve. \u201cPrice increases were mild, with most firms reporting no change in input or final prices. Holiday sales and traffic were generally strong, but construction and manufacturing activity decreased.\u201d\u00a0<\/span><\/p>\n

Employment increased moderately in the Chicago area as nonbusiness contacts reported a rise in activity. Consumer spending increased slightly, as construction and real estate and business spending were little changed. High mortgage rates continued to limit home sales. Holiday sales reportedly met expectations by slightly improving over last year\u2019s mark.\u00a0<\/span><\/p>\n

\u00a0Consumer spending fell moderately in the Kansas City region. Demand for seasonal employment was reportedly low, with few workers changing to full-time status. \u201cCommercial real estate transactions were suppressed, while CRE loan modification activity was inhibited by lenders\u2019 concerns about credit performance and borrower liquidity,\u201d according to the Federal Reserve.\u00a0\u00a0<\/span><\/p>\n

The rate of price increases slowed in the St. Louis region. \u201cTravel and hospitality firms reported strong leisure travel growth during the holiday season and an optimistic outlook for the upcoming year,\u201d according to the Federal Reserve. \u201cRental prices were flat and residential inventory rose slightly.\u201d<\/span><\/p>\n

Most districts reported that growth prospects were positive, had improved, or both.\u00a0 Nearly every district cited at least one sign of a cooling labor market, including larger applicant pools, easing wage pressures, selective hiring by firms and lower turnover rates.<\/span><\/p>\n

Contacts from nearly every district reported drops in manufacturing activity. Finding and retaining manufacturing workers remained a challenge in the St. Louis region as firms expect small increases in production and delivery lead times in the coming quarter.\u00a0<\/span><\/p>\n

\u00a0\u201cDistricts continued to note that high interest rates were limiting auto sales and real estate deals,\u201d according to the Federal Reserve. \u201cHowever, the prospect of falling interest rates was cited by numerous contacts in various sectors as a source of optimism. In contrast, concerns about the office market, weakening overall demand, and the 2024 political cycle were often cited as sources of economic uncertainty.\u201d\u00a0<\/span><\/p>\n

Financial conditions loosened in the Chicago region as bond and equity values increased while volatility fell. Business loan rates were steady amid tightening terms and a slight drop in loan quality. Business loan demand was flat in the region. \u201cPrices and wages rose moderately,\u201d according to the Federal Reserve.<\/span><\/p>\n

Banking conditions and lending activity remained strong in recent weeks in the St. Louis Fed region even as loan growth slowed. Commercial and industrial loan growth fell despite the rise in overall loan volume, and demand for loans continued to lag the previous year.\u00a0<\/span><\/p>\n

Net farm incomes were above average last year in the Chicago region as stronger-than-expected crop yields drove district net farm income to above average. Expectations for farm income for 2024 are lower, as prices started this year below break-even amounts for many commodities, according to the Federal Reserve. In the St. Louis region, drought conditions adversely impacted crops and livestock. Minneapolis regional agricultural conditions were unchanged in recent weeks as income dropped substantially from a year ago.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. economy was stagnant over the holiday season, according to the Federal Reserve Beige Book.\u00a0 [Continue] <\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"generate_page_header":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[142],"tags":[380],"yoast_head":"\nEconomic activity stagnant in recent weeks - BankBeat<\/title>\n<meta name=\"description\" content=\"The U.S. economy was stagnant over the holiday season, according to the Federal Reserve Beige Book.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic activity stagnant in recent weeks - BankBeat\" \/>\n<meta property=\"og:description\" content=\"The U.S. economy was stagnant over the holiday season, according to the Federal Reserve Beige Book.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/\" \/>\n<meta property=\"og:site_name\" content=\"BankBeat\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-19T16:29:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bankbeat.biz\/wp-content\/uploads\/2017\/12\/fb-share-logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"476\" \/>\n\t<meta property=\"og:image:height\" content=\"249\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mara Gawarecki\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@bankbeat\" \/>\n<meta name=\"twitter:site\" content=\"@bankbeat\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mara Gawarecki\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/\"},\"author\":{\"name\":\"Mara Gawarecki\",\"@id\":\"https:\/\/bankbeat.biz\/#\/schema\/person\/a9fe3116a4bd619081171cc79910df95\"},\"headline\":\"Economic activity stagnant in recent weeks\",\"datePublished\":\"2024-01-19T16:29:44+00:00\",\"dateModified\":\"2024-01-19T16:29:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/\"},\"wordCount\":535,\"publisher\":{\"@id\":\"https:\/\/bankbeat.biz\/#organization\"},\"keywords\":[\"More News\"],\"articleSection\":[\"Chronicles\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/\",\"url\":\"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/\",\"name\":\"Economic activity stagnant in recent weeks - BankBeat\",\"isPartOf\":{\"@id\":\"https:\/\/bankbeat.biz\/#website\"},\"datePublished\":\"2024-01-19T16:29:44+00:00\",\"dateModified\":\"2024-01-19T16:29:44+00:00\",\"description\":\"The U.S. economy was stagnant over the holiday season, according to the Federal Reserve Beige Book.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/bankbeat.biz\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economic activity stagnant in recent weeks\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bankbeat.biz\/#website\",\"url\":\"https:\/\/bankbeat.biz\/\",\"name\":\"BankBeat\",\"description\":\"A Service of NFR Communications\",\"publisher\":{\"@id\":\"https:\/\/bankbeat.biz\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/bankbeat.biz\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/bankbeat.biz\/#organization\",\"name\":\"BankBeat\",\"url\":\"https:\/\/bankbeat.biz\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/bankbeat.biz\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/bankbeat.biz\/wp-content\/uploads\/2017\/12\/fb-share-logo.jpg\",\"contentUrl\":\"https:\/\/bankbeat.biz\/wp-content\/uploads\/2017\/12\/fb-share-logo.jpg\",\"width\":476,\"height\":249,\"caption\":\"BankBeat\"},\"image\":{\"@id\":\"https:\/\/bankbeat.biz\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/bankbeat\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/bankbeat.biz\/#\/schema\/person\/a9fe3116a4bd619081171cc79910df95\",\"name\":\"Mara Gawarecki\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/bankbeat.biz\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f25fb4fa1143ba0c6ee79d09d4fe738b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f25fb4fa1143ba0c6ee79d09d4fe738b?s=96&d=mm&r=g\",\"caption\":\"Mara Gawarecki\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Economic activity stagnant in recent weeks - BankBeat","description":"The U.S. economy was stagnant over the holiday season, according to the Federal Reserve Beige Book.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/","og_locale":"en_US","og_type":"article","og_title":"Economic activity stagnant in recent weeks - BankBeat","og_description":"The U.S. economy was stagnant over the holiday season, according to the Federal Reserve Beige Book.\u00a0","og_url":"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/","og_site_name":"BankBeat","article_published_time":"2024-01-19T16:29:44+00:00","og_image":[{"width":476,"height":249,"url":"https:\/\/bankbeat.biz\/wp-content\/uploads\/2017\/12\/fb-share-logo.jpg","type":"image\/jpeg"}],"author":"Mara Gawarecki","twitter_card":"summary_large_image","twitter_creator":"@bankbeat","twitter_site":"@bankbeat","twitter_misc":{"Written by":"Mara Gawarecki","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/#article","isPartOf":{"@id":"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/"},"author":{"name":"Mara Gawarecki","@id":"https:\/\/bankbeat.biz\/#\/schema\/person\/a9fe3116a4bd619081171cc79910df95"},"headline":"Economic activity stagnant in recent weeks","datePublished":"2024-01-19T16:29:44+00:00","dateModified":"2024-01-19T16:29:44+00:00","mainEntityOfPage":{"@id":"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/"},"wordCount":535,"publisher":{"@id":"https:\/\/bankbeat.biz\/#organization"},"keywords":["More News"],"articleSection":["Chronicles"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/","url":"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/","name":"Economic activity stagnant in recent weeks - BankBeat","isPartOf":{"@id":"https:\/\/bankbeat.biz\/#website"},"datePublished":"2024-01-19T16:29:44+00:00","dateModified":"2024-01-19T16:29:44+00:00","description":"The U.S. economy was stagnant over the holiday season, according to the Federal Reserve Beige Book.\u00a0","breadcrumb":{"@id":"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/bankbeat.biz\/economic-activity-stagnant-in-recent-weeks\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/bankbeat.biz\/"},{"@type":"ListItem","position":2,"name":"Economic activity stagnant in recent weeks"}]},{"@type":"WebSite","@id":"https:\/\/bankbeat.biz\/#website","url":"https:\/\/bankbeat.biz\/","name":"BankBeat","description":"A Service of NFR Communications","publisher":{"@id":"https:\/\/bankbeat.biz\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bankbeat.biz\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/bankbeat.biz\/#organization","name":"BankBeat","url":"https:\/\/bankbeat.biz\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bankbeat.biz\/#\/schema\/logo\/image\/","url":"https:\/\/bankbeat.biz\/wp-content\/uploads\/2017\/12\/fb-share-logo.jpg","contentUrl":"https:\/\/bankbeat.biz\/wp-content\/uploads\/2017\/12\/fb-share-logo.jpg","width":476,"height":249,"caption":"BankBeat"},"image":{"@id":"https:\/\/bankbeat.biz\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/bankbeat"]},{"@type":"Person","@id":"https:\/\/bankbeat.biz\/#\/schema\/person\/a9fe3116a4bd619081171cc79910df95","name":"Mara Gawarecki","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bankbeat.biz\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f25fb4fa1143ba0c6ee79d09d4fe738b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f25fb4fa1143ba0c6ee79d09d4fe738b?s=96&d=mm&r=g","caption":"Mara Gawarecki"}}]}},"_links":{"self":[{"href":"https:\/\/bankbeat.biz\/wp-json\/wp\/v2\/posts\/28972"}],"collection":[{"href":"https:\/\/bankbeat.biz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bankbeat.biz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bankbeat.biz\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/bankbeat.biz\/wp-json\/wp\/v2\/comments?post=28972"}],"version-history":[{"count":1,"href":"https:\/\/bankbeat.biz\/wp-json\/wp\/v2\/posts\/28972\/revisions"}],"predecessor-version":[{"id":28973,"href":"https:\/\/bankbeat.biz\/wp-json\/wp\/v2\/posts\/28972\/revisions\/28973"}],"wp:attachment":[{"href":"https:\/\/bankbeat.biz\/wp-json\/wp\/v2\/media?parent=28972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bankbeat.biz\/wp-json\/wp\/v2\/categories?post=28972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bankbeat.biz\/wp-json\/wp\/v2\/tags?post=28972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}