The Associated Press: Highlights from the Fed's US economic survey: "WASHINGTON (AP) — The Federal Reserve survey released on Wednesday found the U.S. economy grew at a "modest or moderate" pace from mid-November through early January.
The Fed said growth was helped by holiday shopping, strong auto sales and a recovering housing market.
The report, known as the Beige Book, is based on anecdotal information from the Fed's 12 regional banking districts.
Here are some highlights:
BOSTON (includes Maine, Vermont, Massachusetts, New Hampshire, Rhode Island and part of Connecticut):
The economy grew modestly. Most retailers and tourism businesses cited increases in demand compared with a year ago. Manufacturers also reported sales gains compared with a year ago.
NEW YORK (includes New York and parts of Connecticut and New Jersey):"
'via Blog this'