Fed's Beige Book Says U.S. Economy Has Expanded At Modest To Moderate Pace

Economic activity in the U.S. has expanded at a modest to moderate pace since mid-January, according to the Federal Reserve's Beige Book.

The Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, noted that many districts reported that the surge in Covid-19 cases temporarily disrupted business activity as firms faced heighted absenteeism.

by RTTNews Staff Writer

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