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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (36990)	6/12/2002 2:01:31 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

Beige Book summary: Reports from Federal Reserve Districts indicated that overall economic activity expanded at a moderate pace in late April and May. The tone was one of modest but uneven growth, with some major sectors showing signs of improvement while others softened or remained weak. Retail sales were flat in most Districts, and auto sales were mixed. Activity in the services and manufacturing sectors improved overall but varied across regions and segments. Residential real estate markets generally remained robust while weakness persisted in most commercial markets. Districts noted few changes in lending markets. Labor markets remained slack in most Districts, but several Districts reported higher demand for temporary workers. Price pressures were in check for most goods and services, but many Districts noted rising steel prices and continued increases in energy and insurance costs.