Beige Book signals slowdown in some districts


Economic activity in the United States continued to expand in the six weeks to May 27, although a few districts reported some deceleration, the Federal Reserve's latest Beige Book, out on Wednesday, said.

The report, prepared by the New York Federal Reserve, said the 12 Federal Reserve districts observed a "slowing" in the pace of growth, particularly in the New York, Philadelphia, Atlanta and Chicago districts. In contrast, Dallas characterised that region's economy as accelerating, while other

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