1. Economy Report
October 25th ,2018

2. Beige Book Report: October 2018
Economic activity expanded across the United States, with the majority of Federal Reserve Districts reporting modest to moderate growth.
Employment expanded modestly or moderately across all districts. Prices continued to rise at a moderate pace across all districts.
Chicago region saw modest growth with a moderate increase in manufacturing production. Extra precipitation slowed harvest and quality of crops. Hog and dairy prices recovered slightly due to the US government buying excess to compensate farmers because of tariffs.

3. October 2018 Manufacturing Business Outlook Survey
Prices continue to remain positive despite their lower readings for most of the year.
Firms continued to report overall higher employment with 30% of firms reporting an increase while only 11% reported a decrease.
Overall, manufacturers reported a 36% increase in activity while 14% reported a decrease.
42% of firms reported an increase in input costs and 27% reported an increases in prices.

4. Other Economic News
DOW fell 600+ points yesterday due to geopolitical tensions as well as underwhelming corporate profit outlooks.
At the end of closing yesterday, the S&P 500 has wiped out all of its gains. Being blamed on tightening interests rates from the fed, trade disputes, and continued drop of new-home sales.
Aflac continues to fall, which is good because we sold them. Apple fell. Boeing only positive because of better corporate outlook.