Beige Book reports increase in economic activity, but well below 2019 levels
Home sales and construction activity were among the brightest spots in economic activity in the Federal Reserve District that includes Memphis.
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Home sales and construction activity were among the brightest spots in economic activity in the Federal Reserve District that includes Memphis.
Federal Reserve economist Kevin Kliesen says pace of recovery will depend on the speed restrictions are lifted and "the willingness of individuals to resume normal life."
With a few exceptions, most local business sectors have remained stable or saw slightly improved conditions over the past several weeks.
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