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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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 expanded in nine of the country's 12 districts, the Fed said in its Beige Book report of anecdotal information on business activity collected from contacts nationwide. The Boston Fed described economic activity as upbeat, while the New York and Kansas City districts described it as essentially flat. Most others described activity as modest.
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