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U.S. economy trundles steadily along, outlook positive: Fed

From bnnbloomberg.ca

The U.S. economy expanded at a modest pace with job gains slowing somewhat and inflation remaining stable or slightly weaker, a Federal Reserve survey showed. “The outlook generally was positive for the coming months, with expectations of continued modest growth, despite widespread concerns about the possible negative impact of trade-related uncertainty,” according to the report Wednesday in Washington. The central bank’s Beige Book economic report, based on anecdotal information collected by the 12 regional Fed banks on or before July 8, said the labor market continued to tighten, putting some upward pressure on ... (full story)

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