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Essay / Research Paper Abstract
This 3-page paper examines consumer spending and economic outlooks in the United States Federal Reserve as a whole and in the Fed's Sixth District of Atlanta. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: AS43_MTbeigbook.rtf
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Unformatted sample text from the term paper:
each of its 12 districts. The Fed does this by interviewing key executives, market experts and economists, as well as collecting information from local banks.
In this paper, well examine the Beige Book from 2008 to compare and contrast spending for the U.S. economy with consumer spending in the Atlanta Federal Reserve District.
The most recent report came out on June 10, 2009. On the national level, while economic conditions overall remained weak and manufacturing activity
levels were still low, some districts also reported that there were signs of moderation (Current Economic Conditions). Retail spending also remained soft - consumers were spending less money on anything
except necessities, and were keeping away from buying luxury goods (Current Economic Conditions). Further tightening of credit conditions meant lending was difficult and auto sales were hampered (Current Economic Conditions).
In Atlanta, meanwhile, it was reported that sales and traffic continued to be at low levels during April in May - but
district retailers actually expected this (Sixth District). Much like what was reported in the national outlook, the district retailers believed that reduced credit availability (among other things) was responsible for
poor retail results (Sixth District). Tourism-related spending was also weak, though theme park attendance and cruise bookings were stable (Sixth District). This was, however, due to promotions and discounting (Sixth
District). Still, overall, the pace of decline was starting to moderate in some industries, with some representatives noting that the down cycle
was starting to moderate (Sixth District). Both the district and national outlook have some serious economic weaknesses - spending continues to be
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