- All 12 districts saw ‘modest’ or ‘moderate’ growth
- Activity picked up slightly in Boston, Richmond and Atlanta
- St. Louis slowed
- Retailers responded to some consumer caution although all areas had ‘some growth’ in consumer spending
- Inflation largely unchanged
- Hiring plans cautious for firms tied to Europe or defense industry
- All districts reporting on home prices saw increases
- Full text
This is basically the status quo. In the prior report growth increased at a ‘measured’ pace and ‘moderate pace’ or was ‘somewhat stronger’. Exceptions were the areas hit by Sandy but they all bounced back.
