US economy grew slowly in October, November

The U.S. economy remained sluggish in late October and early November, with districts cautiously optimistic about the outlook, the Federal Reserve revealed Wednesday in its regular Beige Book.

"Economic activity grew slowly, on balance, in late October and early November," the Fed said in its latest so-called Beige Book survey of economic conditions.

Economic conditions were described as soft or sluggish in the Boston, Atlanta, Chicago, Minneapolis and Dallas districts. Growth was mixed in Cle