The Federal Reserve: “Modest” to “moderate” growth – Beige Book – Dagens Industri

The Federal Reserve: "Modest" to "moderate" growth – Beige Book – Dagens Industri

The Federal Reserve: “Modest” to “moderate” growth – Beige Book

                  2015-01-15 05:55
             

 (SIX) Most regions reported a "modest" to "moderate"  growth during December, according to the Federal Reserve's economic report  Beige Book released on Wednesday evening. The report is based on  Reports from the Central Bank's twelve districts.       Overall, the report showed that the US economy continued to  improved at the end of 2014, although energy dense regions  showed signs of tapering in the wake of pressure on oil prices.       Kansas City reported, in contrast to the other regions,  only a slight growth in December. Dallas indicated that growth  slowed down somewhat during the reporting period and announced that  several of its contacts expressed concern about the effect of lower oil prices  on district finances.       Consumption increased in most districts, with generally moderate  gains year-to-year in retail.       In the housing market were single-family sales and construction in  basically flat over all districts, while c   ommercial real estate  increased.       Travel and tourism picked up during the period.       Manufacturing activity expanded in most districts.       Demand for commercial and consumer credit increased.       Agricultural conditions were mixed.    Anna Sundström  mailto: anna.sundstrom@six-group.se  www.blogg.six.seSIXNews  SIX News