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Beige Book reveals rosy picture of US economy

Most regions report growth; labour market remains stable and car sales climb in most Fed districts

Higher retail sales were reported thanks to consumer savings from lower energy prices.


THE US economy is continuing to grow and the labour market is improving, the Federal Reserve said on Wednesday as it debates its first interest rate hike since 2006.

The Fed issued a snapshot of the economy known as the Beige Book, which is a collection of anecdotal