Federal Reserve Board - Beige Book, January 2004

The Federal Reserve released its January 2004 survey of Current Economic Conditions, known as the Beige Book, on 14 January. The survey suggested the rebound in the U.S. economy is gaining momentum, fuelled by last-minute holiday shopping in December.

The Fed said the latest data suggests that housing and car sales have remained strong in recent weeks and the battered manufacturing sector is finally picking steam and hiring again.

"Reports from the Federal Reserve districts suggest that the nation

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