Can U.S. Services Growth Outweigh High Oil Prices?

The U.S. services sector is growing strong, providing additional evidence that the U.S. economy is recovering and might not need more stimulus funding. But that’s contingent upon oil staying below $120 per barrel.
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Federal Reserve Beige Book Reports Stronger U.S. Recovery

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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