Fed Report Finds Modest Expansion

The Federal Reserve's latest round of reports from its twelve districts indicate that overall economic activity continued to expand in September, although many districts described the pace of growth as “modest” or “slight” and contacts generally noted weaker or less-certain outlooks for business conditions.

The “Beige Book” released this week showed business spending had increased somewhat, particularly for construction and mining equipment and auto dealer inventories, but many distri

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