Posted on 04/22/2004 8:24:49 AM PDT by Choose Ye This Day
Fed finds 'widespread' growth through early April
WASHINGTON (Reuters) — The Federal Reserve on Wednesday gave the U.S. economy an upbeat assessment, saying economic growth and hiring had picked up in recent weeks.
"Economic activity increased across the nation from mid-February through early April. The growth was widespread as retail sales moved up noticeably, and manufacturing, mining, energy, tourism, and services all grew," the Fed said in its "beige book" report, an anecdotal summary of conditions in the central bank's 12 regional districts across the nation.
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