MAPI's Waldman: Fed's Beige Book shows manufacturing's "modest" rate of improvement


The Federal Reserve's latest Beige Book showed improvement in a number of sectors, including manufacturing, but also indicated slow overall growth. "The U.S. economy, as frustrated as all of us are with it, is moving forward—but moving forward slowly," said Cliff Waldman, senior economist for MAPI, who noted that the figures showed manufacturing was maintaining its "moderate" rate of growth.

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