News Headline Summary
Fed's Beige Book says US economic activity expanded at a measured pace in recent weeks
- Weaker conditions in NY Fed district attributed to widespread distributions related to Superstorm Sandy.
- Districts whose contacts offered outlook for holiday shopping season noted mostly upbeat expectations.
- US consumer spending rose at moderate pace in most districts.
- Most districts reported modest gains in hiring, while wages and price pressures remained subdued.
28 Nov 2012 - 19:00
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