U.S. Fed report on U.S. economy remains cautiously upbeat

03/7/2013 | Reuters

The U.S. Federal Reserve maintained a broadly optimistic tone in its latest Beige Book report on the U.S. economy, citing a pickup in consumer spending and a resurgent housing market as favorable signs. "For the Fed, it's slow progress but not enough to alter its rate of asset purchases," said economist Yelena Shulyatyeva at BNP Paribas in New York.

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