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.

Print 19:00, 28 Nov 2012 - Fed - Source: Newswires