As the stock market collapses in part on concerns regarding the reduction of quantitative easing into the economy, the U.S. Federal Reserve (Fed) says the core economy is on track in both a report and private weekend meeting.
Fed Beige Book paints a picture of a growing economy
The recently released Beige Book from the central bank painted a picture of an economy that is growing at a moderate pace. Across the 12 Fed districts, growth was modest, with slight sales gains reported in most districts.
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