Fed Beige Book Released, Economy Slowing In 75% Of Country

According to the recently release, Fed Beige Book, 75% of the country is slowing.

8 of the 12 Fed regions saw economic growth, with the other 4 districts growing only moderately.

Weather was a large factor in Minneapolis and Dallas.

The report does note that consumer spending up thanks to falling gas prices, but rising commodity costs are pinching margins.

Here is the full report from the Fed.