Federal Reserve: Economy “Strengthening” & “Generally Expanded”

“Most Districts reported strengthening in existing home sales, while prices were described as steady to increasing, with declining inventories noted in the Boston, Atlanta, Minneapolis, Dallas, and San Francisco Districts.

“Automobile sales were flat over the past six weeks but are up year-over-year.

“Demand for consumer credit remained relatively strong, reflected primarily in high lending activity for automobile and home purchases.”

Prepared at the Federal Reserve Bank of New York and based on information collected on or before September 28, 2012. This document summarizes comments received from businesses and other contacts outside the Federal Reserve and is not a commentary on the views of Federal Reserve officials.

Summary of Commentary on CURRENT ECONOMIC CONDITIONS by Federal Reserve Districts September 2012 (aka, “periodic beige book report”)

http://www.federalreserve.gov/monetarypolicy/beigebook/files/Beigebook_20121010.pdf