The latest Beige Book report by the U.S. Federal Reserve confirms what recent economic data has suggested: The U.S. economic recovery has accelerated in most U.S. regions, an improvement propelled by a manufacturing expansion and by increased hiring.
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The central bank says the disclosures cover more than 21,000 individual transactions done to “restore the flow of credit to American families and businesses, and support economic recovery and job creation in the aftermath of th…
The central bank says the disclosures cover more than 21,000 individual transactions done to “restore the flow of credit to American families and businesses, and support economic recovery and job creation in the aftermath of th…
In its latest meeting minutes, the Fed said it now expects the U.S. economy to grow more weakly in both 2010 and 2011, with as many as six years needed to return unemployment to normal levels of 5% to 6%.
Conti…
This week, the Congressional Oversight Panel recommended that the nation’s big banks be stress tested again, because if problems with mortgage-backed securities are widespread, the consequences could be dire. Now, the Fed has a…