Monday, March 30th14.2°C
25326
24949

Fed survey: US economy expanding in all regions of country, helped by consumer spending

WASHINGTON - A Federal Reserve survey indicates the economy kept expanding in all regions of the country in June and early July, helped by strength in consumer spending.

All 12 of the Fed's regions reported growth with five — New York, Chicago, Minneapolis, Dallas and San Francisco — characterizing growth as "moderate" while the others reported "modest" growth. Boston and Richmond reported that growth came in at a slightly slower pace.

The Fed's survey, known as the Beige Book, will be used by central bank officials when they next meet July 29-30 to review interest rate policies.

Analysts widely believe that the Fed will decide to keep its short-term interest rate at a record low near zero and authorize another reduction in its bond purchases aimed at keeping long-term interest rates low.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14953.55+141.13
S&P CDNX680.10-1.33
DJIA17974.51+261.85
Nasdaq4947.44+56.22
S&P 5002086.21+25.19
CDN Dollar0.7879-0.0051
Gold1185.40-14.40
Oil48.55-0.32
Lumber280.50-2.10
Natural Gas2.62-0.05

 
Okanagan Companies
Pacific Safety0.115-0.010
Knighthawk0.010.00
QHR Technologies Inc1.51+0.01
Cantex0.03-0.01
Anavex Life Sciences0.215-0.004
Metalex Ventures0.04-0.01
Russel Metals24.46-0.04
Copper Mountain Mining1.18+0.05
Colorado Resources0.11-0.02
ReliaBrand Inc0.006-0.001
Sunrise Resources Ltd0.045+0.000
Mission Ready Services0.235-0.020
Decisive Dividend Corporation1.80+0.02

 





FEATURED Property
22073284771 Rittich Road
5 bedrooms 3 baths
$879,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Down payment

If you have less than 20% down payment, mortgage insurance is required through Canada Mortgage & Housing (CMHC), Genworth or Canada Guaranty. Homeowners no longer need the minimum 5% down payment ...


CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...


Medical confidential?

If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...

_





25482


Member of BC Press Council


25342