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.
TRENDING NOW
PSD reviewing paper that alleges civil servants disproportionately bought homes near unannounced MRT stations
CapitaLand Investment’s retrenchments: Mind the downsides of a profitable business laying off staff
In a business takeover, how can landlords in Singapore protect themselves?
How Asia’s next generation is rewriting legacy through entrepreneurship
