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LuckyTheDog

(6,837 posts)
Fri Jun 6, 2014, 02:44 PM Jun 2014

Fed’s Beige Book: US economy growing across country

The US economy is now growing all across the country, recovering at a "moderate" to "modest" pace after brutal winter weather, the Federal Reserve said in a report said Wednesday.

"All twelve Federal Reserve Districts report that economic activity expanded," said the Fed's latest "Beige Book" report, based on a survey of economic conditions in recent weeks.

That marked an improvement from the previous Beige Book, released on April 16, when two districts -- Cleveland and St. Louis -- reported a decline in economic activity as the economy was emerging from a first-quarter contraction of 1.0 percent.

The May Beige Book said growth was described as "moderate" in seven Fed districts and "modest" in five. Activity in the area around Kansas City slowed slightly.

MORE HERE: http://wonkynewsnerd.com/feds-beige-book-us-economy-growing-across-country/
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Fed’s Beige Book: US economy growing across country (Original Post) LuckyTheDog Jun 2014 OP
Good news! Scurrilous Jun 2014 #1
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