Daily Economic Indicator: Fed's Beige Book shows economic improvement

01/13/2010 | Bloomberg

The economic recovery has broadened, according to the Federal Reserve. "While economic activity remains at a low level, conditions have improved modestly further," the central bank said in its Beige Book business survey. The Richmond and Philadelphia Fed districts were the only two of the 12 that did not see economic improvement. The findings come two weeks before the next meeting of the Federal Open Market Committee.

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