Federal Reserve Board - Beige Book, January 2005

The Federal Reserve published its January 2005 Beige Book survey on Wednesday 19 January. The report said U.S. economic activity continued to pick up in most of the country in late November through early January, but Cleveland, in the manufacturing heartland -- characterised economic activity in its region as mixed.

"Eleven districts characterized activity as expanding, with Atlanta, New York and Richmond noting that the pace of activity had quickened since their last reports," said the central

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