Japan turmoil disrupting U.S. activity: Beige Book
Japan turmoil disrupting U.S. activity: Beige Book (by Greg Robb)
WASHINGTON (MarketWatch) -- The Japanese earthquake may be having more of an impact on the U.S. economy than previously believed, according to the Federal Reserve's latest Beige Book survey of current economic conditions released on Wednesday. A majority of the Fed's 12 regional districts reported "actual or expected disruptions to sales and production" as a result of the Japan earthquake. Overall, the Beige Book found that activity generally continued to improve since early March although some districts reported only moderate gains while others were more upbeat. The report found that more businesses were trying to pass along higher costs to consumers but were having mixed success.