Moderate Economic Growth

moderate economic growth: Eleven of the Fed's banking districts reported "modest to moderate" economic growth, according to the Beige Book survey released Wednesday. The 12th, in Dallas, reported strong growth, according to Times Colonist. But the modest or moderate improvement reported for most regions appears to fall short of the strong and sustained growth that several Fed members have said is needed before the Fed starts tapering its bond purchases. Those purchases have helped keep interest rates at record lows and WASHINGTON - A Federal Reserve survey says economic growth increased throughout the United States from April through mid-May, fueled by home construction, consumer spending and steady hiring. The survey is based on anecdotal reports. The mostly favourable results of the latest survey suggest that the economy and the job market are improving despite tax increases and government spending cuts that took effect this year. (www.immigrantscanada.com). As reported in the news.