The Boston Red Sox Are Great For The Economy

We just got the Fed's Beige Book survey of constituent businesses for December. The consensus is that the economy is growing "modestly to moderately," and as a result, the Fed won't its monetary policy trajectory. There was one major seasonal, if local, factor providing some lift to the economy: the Boston Red Sox, According to the Fed's First District, the Carmines' victory over the Cardinals in October gave a significant boost to area retail sales. "October was particularly good for Boston hot...