Saturday, December 15, 2012

Economy Is Growing At A 'Measured Pace,' Federal Reserve Says | Reduction

Economy Is Growing At A 'Measured Pace,' Federal Reserve Says

Peace Officer - Giving Bankers Get Out of Jail Free Card
Peace Officer - Giving Bankers Get Out of Jail Free Card by DonkeyHotey
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Excerpt:

The nation's economy "expanded at a measured pace" in recent weeks, the Federal Reserve Board reports in its latest anecdotal look at how things are going across the U.S. The central bank's Beige Book review of conditions in its 12 bank districts finds that: "Cleveland, Richmond, Atlanta, Chicago, Kansas City, Dallas, and San Francisco grew at a modest pace, while St. Louis and Minneapolis indicated a somewhat stronger increase in activity. In contrast, Boston reported a slower rate of growth. "Weaker conditions in New York were attributed to widespread disruptions at the end of October and into November caused by Hurricane Sandy. Philadelphia reported general weakness that was exacerbated by the hurricane. However, in the Boston and Richmond Districts, the storm's effects were mostly limited.

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