WASHINGTON (By Pedro Nicolaci da Costa) - The U.S. economy strengthened as the year drew to a close, according to a report from the Federal Reserve on Wednesday that cited rising employment levels across the country. The Fed's Beige Book report, based on anecdotal reports collected from the business contacts of the central bank's regional branches, painted an increasingly bright, if cautious, picture. While real estate markets, at the heart of the deepest recession in generations, remained predictably weak, manufacturing contacts sounded more upbeat. The Fed reported better conditions across all 12 of its districts, though banking and financial services showed results that varied by region. "Economic activity continued to expand moderately from November through December," the central bank said in a statement. The findings were consistent with a recent pick-up in U.S.
Fed: Economy Expanded 'moderately' In Late 2010
Nicole Hardesty, Huffington Post: Business
Wed, 01/12/2011 - 1:15pm
Topics: washington pedro nicolaci costa the u.s federal reserve the fed's beige book economic december the u.s market fed chairman ben bernanke copyright thomson reuters restrictions the fed the fed beige book november u.s economy moderately late conditions bank report central contacts cited percent argued economists employment weak risen
BING NEWS:
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U.S. economic activity has expanded slightly in most regions since early October, with employment growth "subdued" and inflation rising at a modest pace and businesses expressing optimism about the ...
12/4/2024 - 6:24 am | View Link - US economy grew slightly in recent weeks, Fed survey says
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