US economy keeps up momentum: Beige Book
Some weaknesses noticed, such as stronger dollar curbing exports
Washington
THE US economy grew during May and June, keeping up momentum after the first quarter's stall, the Federal Reserve's Beige Book survey said on Wednesday.
All 12 of the central bank's districts indicated that economic activity expanded, with growth characterised as "modest" or "moderate", according to the report, which will serve as a framework for the Fed's monetary policy meeting at the end of July.
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Central banks will probably only cut half as much as they hiked