Labor & Economic News Blog

Thursday, June 14, 2007

Fed survey sees solid growth, including in Upper Midwest

Fed survey sees solid growth, including in Upper Midwest
In StarTribune.com Business
The Federal Reserve on Wednesday gave a more upbeat assessment of U.S. regional economies, as manufacturing and job growth picked up. Yet the strength of the economy, along with higher costs of fuel and food, hasn't increased pressure on wages and prices, the Fed said in its survey, known as the "beige book" for the color of its cover. The report lends credence to the forecast by Chairman Ben Bernanke and his colleagues that U.S. economic growth will rebound from last quarter's pace of 0.6 percent, the slowest in more than four years, while inflation gradually drifts down.

 



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