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Fed Beige Book points to modest U.S. economic growth
Economic growth in the United States cooled in June and early July and hiring grew at a tepid pace in much of the country, the Federal Reserve said on Wednesday. "Reports from most of the twelve Federal Reserve districts indicated that overall economic activity continued to expand at a modest to moderate pace in June and early July," the central bank said in its latest "Beige Book" summary of national activity. The Fed's previous Beige Book assessment of the economy, released on June 6, had painted growth in slightly more upbeat light, describing it as "moderate." The Beige Book, prepared this time by the ... (full story)
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