US economy grows at modest pace
Washington, July 19 (IANS) The US economy expanded at a "modest to moderate pace" in June and early July, but the employment situation only improved at a "tepid" pace, the US Federal Reserve said.
In its latest national economic performance survey, the central bank Wednesday noted that retail sales rose slightly in most areas and manufacturing activity continued to expand slowly in most districts, reported Xinhua.
The residential housing market was gaining momentum in recent months, and overall loan demand grew modestly in most districts, according to the Fed report.
The survey, known as the Beige Book, is based on economic information supplied by the Fed's 12 regional banks, and released eight times each year to provide a snapshot of the US local economy.
Federal Reserve Chairman Ben Bernanke Wednesday cited the renewed intensification of the eurozone debt crisis and US fiscal uncertainty as two main sources of risks to the US economic recovery in the short run.
Read More: National Book Trust | A.k.market | R K Puram (main) | June Pargaon | June Mohide | Mategoan | R.s.market | June Belgaum | Ma Reserve Lines | Cbe Mpl.central Busstand | T.c.market | Reserve Bank Building | Raja J.n.market | Barrackpore Govt.housing | Reserve Bank Nm Ltd. | June Belda | Reserve Police Line Edso | Dhamer Reserve | Captain Reserve | Janata Dal (United) information
KIRTI AZAD TO NNIS : MEIYAPPAN, ON THE RUN TO FIND A ESCAPE ROUTE
May 23, 2013 at 10:31 PM
GoM CONDUCTS FIRST MEETING ON THE AUTONOMY OF CBI
May 23, 2013 at 10:16 PM
BJP CALLS FOR BCCI AND GOVT. TO TAKE STRONG ACTION
May 23, 2013 at 9:42 PM