Fed Sees Recession Easing in Some Markets

The severity of the recession is beginning to ease in some regions of the country, but a return to growth won’t come until at least next year, according to the Federal Reserve Board’s periodic survey of business conditions, known as the Beige Book.

“Reports from the twelve Federal Reserve district banks indicate that economic conditions remained weak or deteriorated further during the period from mid-April through May. However, five of the districts noted that the downward trend is sh

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