| U.S. economy looks to be making its way out of the woods One of the things that investors look for is the Fed Beige Book. This book provides insight into how the economy is doing by looking at the 12 Federal Reserve districts and reporting on conditions in each district. The most recent release shows that economic conditions should be stabilizing. FX Street reports on the progression from recession to recovery: The Fed’s Beige Book now clearly shows the typical progression the economy tends to go through as it moves from recession to recovery. Eleven of the Fed’s twelve districts noted economic conditions had stabilized, improved or firmed. Only St. Louis noted a continued decline and even there the rate of decline moderated. This news is being received cautiously right now, since the focus today is not on economic news, but on the current trade relations spat going on between the U.S. and China. There is a good chance that after the posturing is over things will return to normal, and the financial markets can get on with the business of rallying.
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