Fed survey: Growth picks up across most of US
WASHINGTON - A Federal Reserve survey shows economic growth picking up across most of the United States over the past two months as bitter winter weather subsided.
Ten of the Fed's 12 regions reported an increase in economic activity, according to the Beige Book survey released Wednesday. In most places, the Fed described the improvement as "modest or moderate." Only Cleveland and St. Louis reported slower growth.
In March and early April, consumers took advantage of better weather to go shopping. Manufacturing expanded across most of the country. Ports and highways were busier. Tourism was "generally positive."
The Beige Book is based on anecdotal reports from businesses and will be considered along with other data when Fed policymakers meet April 29-30.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Blue light bulbs out of stock at local businesses following police shooting
New campaign to use anonymous texting to combat bullying
New Roads mayor focus of theft, malfeasance grand jury probe
More than $185,000 raised in Unite for Our Heroes Telethon
More than $160,000 raised in Unite for Our Heroes Telethon