Menu
Finance
Cutting These 10 Everyday Expenses in 2014 Will Save You $8,844
How to Perfectly Plan Your Divorce to Protect Your Assets
PNC Bank Review – Overview of PNC Bank Accounts, Loans and More
Here’s Why Bank of America Just Closed Your Credit Card Without Telling You
2014 Academy Award Statue Valued at Just Under $400
Why You Could Start Seeing Your Credit Score on Your Credit Card Bills
How to Host Your Academy Awards Viewing Party on a Budget
Warren Buffett Reveals His No. 1 Investment Strategy That Anyone Can Follow
Your ATM’s OS is a Decade Old: Here’s Why Banks Are Scrambling to Update It
What You Need to Know About Obama’s $3.9 Trillion 2015 Budget
Discover What a Discover Bank Online Savings Account Can Do For You
4 Tips to Cut Your Monthly Bank Fees
Here’s Why One Analyst Says Bank Stocks Are Going to Double
How Ben Bernanke Earned $250,000 in 40 Minutes
Visa and MasterCard Join Forces to Protect Your Card from Hackers
Federal Reserve upgrades view of US economy
The Federal Reserve has slightly upgraded its view of the US economy, saying that manufacturing and construction continues to grow.

"Reports from the 12 Federal Reserve Districts suggest overall economic activity expanded at a moderate pace during the reporting period from late February to early April," the Beige Book survey said.

The previous Beige Book, a key input for monetary policy-making, was more tentative, calling growth "modest to moderate" amid concerns of a nascent slowdown due to higher payroll taxes and a cut in government spending.

"Most districts noted increases in manufacturing activity since the previous report. Particular strength was seen in industries tied to residential construction and automobiles," the report said.

Travel and tourism business was also broadly firm across most of the regions, according to respondents to the Fed survey.

However, in a suggestion that the steep federal government "sequester" spending reductions were having an impact, it said that several districts reported "uncertainty or weakness in defense-related sectors".

Consumer spending was up only "modestly", with some evidence that the payroll tax rise, higher gasoline prices and winter weather were to blame.

The jobs situation was unchanged or "somewhat" improved with hiring firmest in manufacturing, home construction, information technology and professional services.

While not backed by data, that picture was brighter than the monthly unemployment and job creation numbers reported on April 5, which showed a paltry 88,000 net jobs generated by the economy in March.

Commercial banks around the country - with Philadelphia an exception - generally reported a pickup in loans to businesses and for homes and cars.

Price increases were generally subdued around the country, the Beige Book said, while the outlooks of respondents to the regular Fed survey "remained optimistic across sectors and districts".

buy dumps
Menu
Hey Ladies: Don’t Miss Out on the Broke Boyfriend Tax Exemption
3 Ways to Fix Your Finances in One Hour for Daylight Saving Time
IRS Reports This Year’s Average Tax Refund is $3,034
How to Start Saving Money for Your Baby’s College Education
How to Find Free Tax Preparation in Your City
IRS Wants to Pay You $25,000 for Saving Your Tax Return
5 Secrets Your Bank Doesn’t Want You to Know
How to Handle the 5 Most Awkward Money Situations
4 Tips to Cut Your Monthly Phone and Cable Bills
Stop Wasting Money Because You Won’t Admit You’re Old
Amazon Prime Price Hike: Is It Worth It?
10 Tips for Winning Your March Madness Bracket and Some Extra Cash
I Lost My W-2! What Should I Do?
4 Cheap, Fun Ways to Celebrate St. Patrick’s Day
What Four Leaf Clovers and Interest Rates Today Have in Common
Name
Name

Password