Ongoing reports of recovery add little to FOMC debate

Federal Reserve
Federal Reserve, Washington, DC

Reports suggest economic activity is expanding at a steady rate across the US, according to the latest reports, as Federal Reserve officials continue to grapple with the question of when to raise interest rates.

The latest Beige Book shows the economy expanding at a "moderate pace" across six of the 12 Federal Reserve districts, with "modest" improvements in most others.

Published yesterday, the book covers the period from early January to the middle of February, and strikes a similar tone to th

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