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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Pogeu Mahone who wrote (11523)9/8/2004 10:27:08 PM
From: mishedlo   of 116555
 
U.S. growth slowing, Fed's Beige Book says By Rex Nutting
WASHINGTON (CBS.MW) - Economic growth slowed in many regions of the United States over the last six weeks, the Federal Reserve said Wednesday in its Beige Book report on the economy. While the economy continued to expand in late July and August, "several districts indicated that the pace had slowed," the Beige Book said. Employment was expanding in most regions "with some unevenness across sectors," the Fed said. Benefit costs were rising, but "wage pressures remained modest," the Beige Book said. "Consumer price "were generally flat or up modestly," although there were noticeable price increases for energy and some material inputs," according to the report. The report painted a mixed picture of the economy.
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