Economic growth in the U.S. has been characterized as modest or moderate by most Federal Reserve districts, according to the Fed's Beige Book released on Wednesday.
However, the Fed said four of the twelve districts described little or no growth, and five narratives noted that activity remained below pre-pandemic levels for at least some sectors.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.