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Fed Beige Book: US economy expands at moderate pace, fueled by consumer spending, auto sales

2015-10-14 21:44:02| Auto Dealers - Topix.net

The Federal Reserve says steady consumer spending and an improving housing market spurred modest U.S. economic growth in the late summer, though factory output was sluggish in part because of the strong dollar. The Fed says in its latest snapshot of the economy that nine of its 12 regional banks reported that growth was moderate or modest from mid-August through the beginning of October.

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