"Econ activity weakened in Sept across all 12 Fed Districts" and
several Dists said "contacts had become more pessimistic." Consumer
spending decreased, infl pressures moderated, labor mkt conditions
weakened. Nonfin'l services weakened, mfg moved lower, real estate
weakened, credit tightened, cost pressures eased; only farming
'remained favorable.' Book was prepared at Chicago Fed based on info
gathered on or before Oct 6.
Prior beige book said "pace of economic activity has been slow in most Districts."