Federal report shows growing in many U.S. areas

WASHINGTON : The US economy grew in most parts of the country, while the New York and Kansas City regions reported essentially flat growth, a closely watched Federal Reserve report showed on Wednesday.

The Beige Book report said that nine of the Fed’s 12 districts had reported increased economic activity that was either “moderate” or “modest” and the outlook for future growth from persons surveyed was “mostly positive” in six districts.

Agencies

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