The Dallas Fed Biege Book gives this report:
Downward price pressures remain prevalent across industries. Staffing, legal and accounting firms continue to report pressure from clients to discount the price of their services. Retailers said selling prices were mostly steady, although prices of “day-to-day” goods continued to fall. Auto dealers said used car prices were holding up better than new car prices, and at least one contact expected domestic auto prices to drop further. Airline industry contacts noted substantial fare sales in recent weeks. Energy industry respondents said rates charged for routine wellhead work were under pressure as producers demanded concessions reflecting lower commodity prices and revenues.
You can get all the good news here, direct from the horse’s mouth.
