Friday, November 28th4.4°C
23286
22916

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

24035


Recent Trending




Today's Market
S&P TSX14835.16-87.28
S&P CDNX746.38-9.02
DJIA17877.5349.78
Nasdaq4809.924+22.607
S&P 5002073.30+0.47
CDN Dollar0.8749-0.0068
Gold1181.50-15.10
Oil69.30-4.39
Lumber327.30-0.70
Natural Gas4.295+0.144

 
Okanagan Companies
Pacific Safety0.15-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.30-0.04
Cantex0.04-0.005
Anavex Life Sciences0.20+0.029
Metalex Ventures0.04+0.005
Russel Metals30.12-0.58
Copper Mountain Mining2.00-0.12
Colorado Resources0.13+0.01
ReliaBrand Inc0.0134-0.0001
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.30-0.02

 
23744


22899

FEATURED Property
2140714350 - 1045 Sutherland Avenue
1 bedrooms 1 baths
$149,500
more details
image2image2image2
Click here to feature your property
Please wait... loading


Don't stop dreaming!

On Wednesday evening I drove through the Bow Valley in Alberta. It is my old home town... the first place Jackie and I moved to in 1988 when we emigrated. We ended up setting up home there and living...


Second marriage issues

It is not unusual that one or both of the parties planning to marry are approaching marriage for the second time. There are pluses and minuses to this new situation. On the plus side, individuals ente...


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...

_



24185

24119


Member of BC Press Council


24228