Economy at moderate pace
WASHINGTON- The harsh winter, the rising value of the dollar and a big plunge in oil prices are adverse effects to the economy but the Federal Reserve says its growing moderately.
The Fed says in its latest survey of business conditions around the country that eight of its 12 banking regions describe moderate or modest growth but Atlanta and Kansas City report it as steady.
The Fed says demand for manufactured goods was mixed with the strength of the dollar cutting into demand for exports.
The Federal Reserve policymakers meet at the end of the month and will use the information in gauging whether to raise interest rates.