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Fed Beige Book finds World Cup boost for bars and restaurants, not growth
The Fed said the World Cup's impact appeared limited to certain local businesses, with broader consumer spending showing warning signs.
The Federal Reserve's latest Beige Book, as covered by CNBC, found that the World Cup provided a lift for some bars and restaurants.
At the same time, the central bank noted that the tournament did not necessarily translate into broader economic growth, according to CNBC's reporting on the Beige Book findings.
CNBC said the Fed flagged signs from consumers that could limit how much the event helped the wider economy.
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