US economy picked up in September: Fed | Bangkok Post: news

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US economy picked up in September: Fed

The US economy picked up in September despite weak momentum in consumer spending, a Federal Reserve survey of regional economies published Wednesday showed.

The US economy picked up in September despite weak momentum in consumer spending, a Federal Reserve survey of regional economies published Wednesday showed.

In its Beige Book report, used for policy decisions, the Fed said that economic activity "generally expanded modestly" since the last report six weeks earlier, when it characterized growth as only gradual.

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