Here are 7 nuggets from the Fed's Beige Book that remind you it's the strangest, most fascinating look at the US economy

The Federal Reserve’s Beige Book dropped Wednesday, providing anecdotes and insight from the Fed’s 12 districts on the state of the US economy.

While it may initially come across as a dry report, there are usually some bizarre tidbits from the member districts on how their local economies are doing.

We collected 7 of the most interesting details from today’s dump to show you just how odd, and fascinating, the Beige Book can be.

  • Hamilton is getting people to Broadway: “Broadway theatres, on the other hand, have seen some pickup since the beginning of the year; although the January 23rd blizzard closed theatres on a usually busy day, both attendance and revenues bounced back quickly and have been running ahead of 2015 levels since.”
  • Maine has a hotel boom: “Around Maine, a small boom in hotel-building is reported, a state office building project is in the works, and construction is steady for multifamily and light industrial structures.”
  • Airbnb may be winning in NYC: “Although tourism activity in the New York District was stable since the last reporting period, occupancy rates at New York City hotels remained below year-ago levels.”
  • Minnesota turkey farmers are making a killing: “Minneapolis reported weaker farm incomes and lower prices for all commodities except turkeys.”
  • And Minnesotans are spending more on coffee: “A coffee store chain in Minnesota reported that stores saw a 9 per cent jump in sales from a year ago, even though in-store traffic softened after the holidays; consumers spent an additional 50 cents per order on average over this time last year.”
  • Texas soil is in good shape: “Soil moisture conditions remained healthy, with only 2 per cent of Texas considered abnormally dry in February, compared with 56 per cent last year in some level of drought.”
  • Online grocery sales are gobbling up market share in San Francisco: “In the retail grocery sector, competition from online entrants and expanded product offerings at large chain pharmacies held down sales and profits somewhat for traditional retailers.”

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