Fed Beige Book: Most districts expect modest to moderate economic gains

According to the Federal Reserve’s Beige Book about the state of the economy, based on information collected before June 30th (2017), most economic activity expanded across all 12 districts in June with pace ranging from slight to moderate.

Key headlines (via Reuters):

• Most districts expect modest to moderate economic gains
• Inflation described as modest in most districts. A few said price pressures eased slightly
• Consumer spending 'appears to be rising' in most districts. Half reported declines in auto sales