U.S. recovery is moving along at a slower pace, Beige Book shows

07/29/2010 | Bloomberg

A weak commercial real estate market and the expiration of a tax credit for homebuyers have hampered economic growth in the U.S., according to the Federal Reserve's Beige Book. "Economic activity has continued to increase, on balance, since the previous survey," according to the report, which cites an uptick in the service industry, tourism and manufacturing.

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