The latest Beige Book report by the U.S. Federal Reserve confirms what earlier economic data has indicated: The U.S. economy slowed over the summer but, it’s still expanding at a modest pace.
In its September report, the Fed said the economy shows “widespread signs of a deceleration compared with preceding periods.” Nevertheless, the central bank added that “economic growth at a modest pace was the…
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Fed Sees ‘Widespread Signs of Deceleraton’ in Economy originally appeared on DailyFinance on Wed, 08 Sep 2010 15:45:00.