Federal Reserve 'beige book' signals widespread slowdown of economic growth |
| Washington Post - Sep 8, 2010 |
The U.S. economy continued growing this summer but "with widespread signs of deceleration," according to a new report on business conditions around the country.
The Federal Reserve's "beige book," an eight-times-a-year compilation of anecdotal information from companies in the 12 Fed districts, offers a portrait of an uncertain economic moment in which growth has slowed in much of the United States.
"Economic growth at a modest pace was the most common characterization of overall conditions," said the report, released Wednesday afternoon and based on interviews with businesspeople from mid-July through the end of August. However, five of the regional Fed banks east of the Mississippi River "highlighted mixed conditions or deceleration in overall economic activity."
Read Full Article from Washington Post
- Posted: 2010-09-08 23:38:19
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