Fed's beige book for Sep 20-21 FOMC: "economic activity continued to expand at a modest pace, though some Dists noted mixed or weakening activity."
Says St.L, Minn, KC, Dallas, SF all reported modest or slight expansion. Atlanta called subdued, Cleveland slow, and NY sluggish. Econ expanded slower in Chicago and slowed in Richmond; Boston & Philly mixed. "Several Districts also indicated that recent stock mkt volatility and increased economic uncertainty had led many contacts to downgrade or become more cautious about their near-term outlooks." Consumer spending increased slightly; non-auto retail sales flat or down
in several Dists. Although poor weather dampened growth in some areas, tourist activity remained solid. Services was generally positive. Mfg mixed, slowed in many areas. Res real estate remained weak. Loan demand stable. Price pressures edged down tho inputs/retail px up in some areas. Labor mkts stable, wage pressures minimal. Prepared at KC Fed, survey closed Aug 26 -- pre employment data release.