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Fed: "slow to moderate" growth of the U.S.
U.S. economic growth continues "in a medium to moderate pace," said the U.S. central bank, Fed, in its economic report (Beige Book), published Wednesday, AFP quoted.
This review almost coincides with that of the previous version of the report, from mid-October, describing growth as "modest and easy '.
"Overall, economic activity grew at a slow to moderate" in that time, the Fed commented, noting that the only exception was in Saint-Louis region (Missouri, U.S. center) where you can talk about "downturn".
Overall, the feeling of the main interlocutors charged the Fed providing basic data for that report is one of caution.
"Consumer spending grew moderately," said the U.S. central bank, but "tourism showed signs of consolidation."
In the industry, "in manufacturing activity has shown a steady expansion", while business services activity was higher in the stable, according to Fed. In addition, "bank lending activity has increased slightly."
Prospects for employment remain weak "employment have remained mediocre, although some companies have made it known that difficulties in finding qualified candidates. Wages have remained stable."
Inflation is becoming less of a problem, the Fed believes that data provided by counterparts closely. "Overall, price increases were insignificant and has been reported that some pressures on costs have moderated," the U.S. central bank.
The report will serve as the basis for discussions of Fed monetary policy committee, during its meeting on 13 December.
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