Fed report details current economic conditions across the US


Fed “Beige Book” @ 2:00 pm ET

The U.S. economy is growing unevenly, with more than half the regions of the country expanding modestly while others are struggling to grow.

A new survey by the Federal Reserve finds that seven of the Fed’s 12 regions reported moderate improvements in business activity. Three regions — Philadelphia, Richmond and Cleveland — described economic activity as mixed or steady. Only two regions — Atlanta and Dallas — suggested economic growth was slow.

The new survey notes that the economy isn’t weakening but is growing too sluggishly to drive down the high unemployment rate.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s