The Boston Globe
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Source: The Boston Globe
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The Federal Reserve’s latest Beige Book reports economic growth in New England driven by the World Cup, tourism, and retail spending, despite challenges for low- and moderate-income households facing high living costs. Hotel bookings eventually met expectations after price adjustments, and beer sales increased in Boston bars. Low-income families showed rising demand for assistance amid high prices, with increased reliance on food aid and credit card debt. Overall economic outlook remained stable, though the real estate sector anticipates a boost following the disqualification of a rent control proposal.
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