Fed's Beige Book: Economic activity expanded in the "modest to moderate range" in most Districts

Fed's Beige Book "Prepared at the Federal Reserve Bank of Chicago and based on information collected on or before April 7, 2016." Reports from the twelve Federal Reserve Districts suggest that national economic activity continued to expand in late February and March, though the pace of growth varied across Districts. Most Districts said that economic growth was in the modest to moderate range and that contacts expected growth would remain in that range going forward . Consumer spending increased modestly in most Districts and reports on tourism were mostly positive. Labor market conditions......(read more)

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