Research the following question using the Federal Reserve's Beige Book Summary for the latest quarter: is our economy in the recession or growth/expansion phase of the business cycle? Write two-to-three, double-spaced, typed pages. To get the latest link to the Beige Book, google "federal reserve beige book." Can Somebody help me with this please?
As per the latest reports , economy was in expansion phase in last quarter of 2017 , with gains from trade and Dallas reported to highest contributing in the expansion. Auto sales were higher tha the expected while residential/ real state seemed constrained across the country.There was a growth in business activity , with transportation industry seeming contrbuting . Also , non residential sector witnessed slight growth.
Employment seemed to grow , with increase in demand from manufacturing and construction sector for labor.Wages were reported to increase at slow pace. Price inflation was tricky , with prices rises in few countries while mantaining stability in few nations.
On observing the trends , economic activity flourished and boomed ,after researching on different variables of the economy.
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