Wednesday, February 29, 2012

Fed: All Areas of the Country Show Growth

The Fed said in its report, known as the Beige Book said that all 12 of its banking districts reported some level of growth in January and the first half of February.

Manufacturing output rose in all districts. Auto manufacturing, steel makers and other metal producers all reported solid growth.

Home sales increased in at least half of the districts.

The Beige Book is released eight times a year. The findings from each of the Fed's regional bank districts are all anecdotal; there are no numbers.

There is an opposing view.

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