Fed: Growth Slow, Even in Manufacturing

Reports from the twelve Federal Reserve Districts in the central bank’s latest Beige Book report indicated that economic activity continued to expand at a modest pace, though some districts noted mixed or weakening activity.

Manufacturing activity, which had been one of the few drivers of growth during the recovery, slowed in many regions. The New York, Philadelphia, and Richmond Districts reported declining activity overall, and contacts in the Boston and Dallas Districts noted slowi

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