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

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News – ​Beige Book
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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.

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