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Economic Activity Expanding, Fed Says

Economic activity expanded in January and February, according to information received by the Federal Reserve District Banks and published by the Federal Reserve Board’s quarterly Beige Book. Growth was variously described as moderate in Boston, Philadelphia, Cleveland, Atlanta, Chicago, St. Louis and Kansas City, firm in Minneapolis, sound in San Francisco, and showing signs of acceleration in New York, Richmond and Dallas.

For the complete Beige Book report, see www.federalreserve.gov/fomc/beigebook/2004.

TAGS: Ar Syndicate
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