Fed Beige Book Sees Slow to Moderate Growth in 11 Districts

The Federal Reserve said the economy expanded at a “moderate” pace in 11 of 12 districts, led by gains in manufacturing and consumer spending.

“Overall economic activity increased at a slow to moderate pace since the previous report across all Federal Reserve districts except St. Louis, which reported a decline in economic activity,” the Fed said in its Beige Book survey released today in Washington covering October and the first half of November.