The Fed Beige Book: US economy.UU. moderate expansion continues

FXstreet.com (Cordoba) - the US economy.UU. It has continued to grow at a pace "modest to moderate" since the beginning of April until the end of may, with Dallas as the only one of the 12 districts of the Fed reported "strong" economic growth.

The Beige Book said that the manufacturing sector "has expanded in most of the districts", while some data released in recent days have pointed to weakness in this sector.

In terms of employment, the Fed said that recruitment had increased at a "moderate pace" in several districts, while some industries reported difficulties to find qualified workers.

In terms of prices, most districts reported stable prices or moderate increases, while wage pressures "remained limited" in general.

The Beige Book survey, published two weeks before each meeting of monetary policy, is based on information collected by the officials of the 12 regional Federal Reserve banks. Today's report was prepared based on information obtained by the Minneapolis Fed before 24 may 2013, and will be used for discussions at the next meeting of monetary policy of 18 and 19 June.

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