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US$ and energy prices hold back US growth

Fed's Beige Book says improvements in labour market and consumer spending offset by weak manufacturing due to falling global demand

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Most districts reported slight to moderate growth in consumer spending while US economic activity expanded in nine of the 12 districts. Half the districts said growth outlook remained mostly positive.

Washington

THE US economy continued to show mixed signals from late November to early January, with improvements in the labour market and consumer spending offset by the drag of a strong dollar and low energy prices, the Federal Reserve said on Wednesday.

US economic activity