Fed's Beige Book: "The economy grew a modest to moderate pace"

Market news

11 April 2012

Fed's Beige Book: "The economy grew a modest to moderate pace"

- Activity in the manufacturing sector continued to grow in most regions
- Manufacturers are optimistic about economic growth, but concerned about oil prices
- Warm weather contributed to the growth of retail sales
- Prospects encouraging household spending, gas prices cause concern
- Sales of new cars strong, active in the tourism sector has grown
- Residential real estate market showed some improvement
- Banking conditions are stable, there is some improvement in demand for loans
- The rate of employment is stable or show moderate growth in many regions
- The pressure in the limited salaries, general inflation has reserved

Fed's Bullard: "There is a general positive economic growth in the U.S."

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