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Fed Beige Book sees slight pickup in U.S. economy just ahead of the holiday season
The U.S. economy expanded “modestly” from October through mid-November and the outlook “generally remained positive,” according to the Federal Reserve’s latest findings. The Fed’s Beige Book was slightly more upbeat compared to its previous assessment last month, when the central bank said the economy was expanding at a “slight to modest pace.” Since then the stock market has surged to record highs, reflecting fresh optimism that the U.S. and China will soon agree to a so-called “skinny” trade deal that reduces tensions between the world’s two largest economies. The Beige Book is basically a ... (full story)