Wednesday, September 3, 2008

NY District Summary from today's Fed Beige Report

New York:
Economy showed signs of stabilizing. Manufacturers said activity steadied. Factories continued to report fairly widespread increases in input costs and selling prices. Housing markets mixed but softer generally. Bankers reported weakening demand for residential and commercial mortgages, tightening in credit standards, and increasing delinquency rates on home mortgages.

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