Fed: Economic recovery is widespread; challenges remain

04/17/2013 | Bloomberg · Hill, The

What is termed a "moderate" economic recovery is widespread, with particular strength in the housing and auto sectors, according to the Federal Reserve's Beige Book. Consumer spending has increased modestly, but challenges to economic growth are expected from sequestration cuts and implementation of the Patient Protection and Affordable Care Act, the Fed says.

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Bloomberg · Hill, The