From the BLOOMBERG.COM —
The U.S. economy improved in nine of the Federal Reserve’s 12 regions in January and February while being hampered by snowstorms in the eastern U.S., the central bank said today.
“In most cases the increases were modest,” the Fed said in its Beige Book business survey, published two weeks before the Federal Open Market Committee meets to set monetary policy. Consumer spending increased in many regions, while commercial real estate and loan demand were “weak” and labor markets “soft,” the Fed said.
The Atlanta and St. Louis regions reported “mixed” economies, while the Richmond district said the economy “slackened or remained soft across most sectors” owing to the weather…
Click here to read the full article.
