Fed Beige Book Says No Need For Stimulus
A good economy doesn't bode well for risk assets when investors are always begging for more liquidity.
The Fed's Beige Book just came out and the summary statement was "economic activity continued to expand" for the period of April 8th to May 20th.
Compare that to summary line from the November 29th, 2023 release which covered the period of October 6th-November 17th when the Beige Book said "economic activity slowed."
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