Fed: US economy growing at 'modest' pace in many regions

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Us Federal Reserve News

US Economy

WASHINGTON, April 18 ― Economic activity in the United States continues to pick up steam, with “modest” growth seen in many parts of the country since late February, the...

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“Overall economic activity expanded slightly, on balance,” the Fed said in its summary of US economic conditions known as the “beige book.” The US labour market, which has also held up surprisingly well in the face of high interest rates, “rose at a slight pace overall,” the Fed report found.

US Economy

 

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