Fed: Moderate growth during the summer – Dagens Industri

The US economy grew at a modest pace during the period July to late August.

According to the US Federal Reserve’s regional economic report, beige Book, which was published on Wednesday evening.

most districts , reported a modest to moderate pace of growth overall. Two of the twelve Fed districts reported no change in the activities, and another two districts noted that the activities lost momentum compared with the previous reporting period.

In the twelve districts are waiting to generally moderate economic growth in the coming months.

the report will be part of the discussion paper for the Fed’s next meeting on 20-21 September, reports Bloomberg News.