January 2013 Beige Book: Economy Is Marginally Better
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January 16, 2013 - 8:58pm
Econintersect: The consolidated economic report from the 12 Federal Reserve Districts (Beige Book) characterizes "the pace of growth as either modest or moderate". The previous report said economic activity "expanded at a measured pace in recent weeks".
It appears there is no knock-on effect from Hurricane Sandy in this report. Please see the end of this post for words the Federal Reserve uses when the economy is entering a recession.
Overall, the report indicates the economy is growing slower than hoped - but weak areas in the economy are healing. No indications of any sector degrading, or signs of any significant improvement in the rate of growth.
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