Thursday, October 20, 2016

US economy grows a bit faster in September, Fed says

U.S. economic growth picked up a bit as summer ended and fall began, supported by modest hiring, an uptick in consumer spending, and steady homebuilding, according to the Federal Reserve.

The Fed's "Beige Book" survey of economic conditions in its 12 regional bank districts, released Wednesday, found that growth was modest or moderate in eight districts, slight in three, and flat in the New York district. That's an improvement from its September survey, which found that growth weakened in two districts and was unchanged in two.. . . more

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