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Fed Beige Book Shows ‘Mostly Positive’ Outlook for U.S. Economy

October 19, 2016 6:00 PM
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The U.S. economy maintained a steady growth pace between late August and early October, as a tight labor market with nascent wage pressures contributed to a “mostly positive” outlook, a report from the 12 Federal Reserve districts showed.

“Most districts indicated a modest or moderate pace of expansion,” according to the Fed’s latest Beige Book, an economic survey by reserve banks. “Outlooks were mostly positive, with growth expected to continue at a slight to moderate pace in several districts.”

Also read: Number of U.S. bank branches to shrink 20 percent in five years: real estate report

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