Fed saw ‘moderate’ growth in most of U.S. on retailing
Bareksa • 16 Jan 2014
People enter Macy's Herald Square store after opening its doors (BLOOMBERG/Kena Betancur)
It keeps getting brighter all the time
Bloomberg - The Federal Reserve said “moderate” growth across most of the country last month was buoyed by gains in holiday spending by consumers, an improving labor market and strength in manufacturing.
“The economic outlook is positive in most districts, with some reports citing expectations of ‘more of the same’ and some expecting a pickup in growth,” the Fed said today in its Beige Book business survey, based on reports gathered on or before Jan. 6.