District 6 Atlanta Case Study
District 6: Atlanta
The beige book is a summary of the current economics conditions around the United States. This report is published eight times a year. Each Federal reserve bank gather important information on economic conditions that have recently occurred in the district. The beige book mainly contains reports from bank and branch directors, interviews with important business contacts, economists, and market experts. The beige book summarizes all of this information mentioned by district and by sector. When preparing for meetings, the Federal Open Market Committee (FOMC) members are also given a green book, which predicts how the economy is going to play out in the next few months. The green book comes with another book called the …show more content…
Reports seemed generally positive and had good expectations for the coming months. However, when it came to retail, reports were mixed. Some retailers stated that sales had improved, while others stated that customers seemed to not have as much leeway spending. Car sales also boomed during this time in Atlanta. Atlanta received many tourists despite the economic position, having the tourist helped them maintain their income in business such as car rentals, hotels, and restaurants. Housing markets continued to improve, housing prices went up and many offers were made on existing properties. While new properties are being built making the construction rate better than last years. The highest level of manufacturing since 2012 was reached this year by increases in new orders, production, and employment. Since it has reached a peak it is expected to plateau for the remainder of the year. What decreased was the railroad companies and it is expected to either keep declining or stay the same. The strongest growth showed was shown in chemicals, oils, and gases. Businesses continued piling on debt as consumers continued refinancing mortgagae loans. Hence, there was a race of competition for loan applicants which produced low fix rates to attract the consumers. Since there were a lot of loans needed there had been an increase
The beige book is a summary of the current economics conditions around the United States. This report is published eight times a year. Each Federal reserve bank gather important information on economic conditions that have recently occurred in the district. The beige book mainly contains reports from bank and branch directors, interviews with important business contacts, economists, and market experts. The beige book summarizes all of this information mentioned by district and by sector. When preparing for meetings, the Federal Open Market Committee (FOMC) members are also given a green book, which predicts how the economy is going to play out in the next few months. The green book comes with another book called the …show more content…
Reports seemed generally positive and had good expectations for the coming months. However, when it came to retail, reports were mixed. Some retailers stated that sales had improved, while others stated that customers seemed to not have as much leeway spending. Car sales also boomed during this time in Atlanta. Atlanta received many tourists despite the economic position, having the tourist helped them maintain their income in business such as car rentals, hotels, and restaurants. Housing markets continued to improve, housing prices went up and many offers were made on existing properties. While new properties are being built making the construction rate better than last years. The highest level of manufacturing since 2012 was reached this year by increases in new orders, production, and employment. Since it has reached a peak it is expected to plateau for the remainder of the year. What decreased was the railroad companies and it is expected to either keep declining or stay the same. The strongest growth showed was shown in chemicals, oils, and gases. Businesses continued piling on debt as consumers continued refinancing mortgagae loans. Hence, there was a race of competition for loan applicants which produced low fix rates to attract the consumers. Since there were a lot of loans needed there had been an increase