Fed survey finds economy growing at moderate pace

April 15, 2015 9:30 PM

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WASHINGTON (AP) – The U.S. economy was growing at a moderate pace from mid-February through the end of March although the harsh winter, the rising value of the dollar and a big plunge in oil prices were having adverse effects on some industries, the Federal Reserve said Wednesday.

In its latest survey of business conditions around the country, the Fed said that eight of its 12 banking regions described the economy as growing at either a moderate or modest pace with two others – Kansas City and Atlanta – describing conditions as steady.

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