BREAKING: ‘ Central Bank noted the Dollar’s strength that weigh on Export Sales & Capital Investments ‘

News – ​Beige Book
​ ​
Report:June.03: In its anecdotal Beige Book report, the Federal Reserve said it expects economic growth to continue at a modest to moderate pace​ Fox Business reported. ​

The central bank noted the dollar’s strength weighed on export sales and capital investments.

For many of its 12 districts, continued oil-price weakness pressured energy-dependent industries, but resulting low gas prices proved to be a tailwind for consumer spending in Cleveland and San Francisco.

Meanwhile, three districts noted continued negative effects from the West Coast port strike.