The economic news from the Federal Reserve's May 2024 Beige Book is a mixed bundle and, as has been the case, the overall atmosphere is doing better than commercial real estate.
"National economic activity continued to expand from early April to mid-May; however, conditions varied across industries and Districts," they wrote. "Most Districts reported slight or modest growth, while two noted no change in activity. … Conditions in the commercial real estate sector softened amid supply concerns, tight credit conditions, and elevated borrowing costs."
Here are some details from each of the 12 Fed districts:
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