Wednesday, October 20, 2010

The beige book report Oct. 20th 2010

Here are some highlights from today’s Beige Book:

Manufacturing is doing good with production and orders rising. People seem to be continuing to spend, but more on necessities then anything else. Inflation on the wholesale level (shipping, commodities, etc.) rose slightly, but wasn’t passed onto the consumer. Wages looked to be flat for the period, and companies are expecting an increase in benefit (health care) costs.

To read the entire report Click Here.

My opinion is the recovery (if that’s what you want to call it) will likely continue at the same pace as it’s been. It looks like we are stuck in a consolidation period that will likely last another year, however don’t quote me on that until after this year’s holiday shopping season.

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