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5 signs of under-the-radar economic pain from the Fed's favorite on-the-ground source [Yahoo! Finance]

Comerica Incorporated (CMA) 
Last comerica incorporated earnings: 4/21 06:34 am Check Earnings Report
US:NYSE Investor Relations: investor.comerica.com
Company Research Source: Yahoo! Finance
Published eight times each year, the Beige Book—named for the color of its cover—collects insights into the current state of the economy from on-the-ground interviews, reports, and surveys completed by each of the 12 Fed district banks. Former Fed Vice Chair Alan Blinder once described it as the “ ask your uncle ” approach to economics. With forecasters' narrative shifting wildly over the past year—from a recession, to a “ soft landing ,” to the current favorite: a higher-growth, higher-inflation “ no landing ” scenario—the anecdotal details of April's beige book were closely dissected by many experts. Its release this week followed strong consumer spending data and the third hot inflation report of the year, a combination that led even Chair Jerome Powell to push back on the prospect of widely anticipated, market-juicing interest rate cuts at a recent policy forum in Washington, D.C. But instead of showing evidence of an overheating economy, the latest Beige Book suggests the op Show less Read more
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