Global Economic News

Fed's Beige Book Says U.S. Economy Expanded At Somewhat Faster Rate

Partly reflecting the positive effects of increased Covid-19 vaccination rates and relaxed social distancing measures, the Federal Reserve's Beige Book said Wednesday the U.S. economy increased at a somewhat faster rate from early April to late May.

The Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, still described the pace of economic growth as moderate.

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by RTTNews Staff Writer

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