Fed is worried about real estate, cheered by holiday sales:

12/3/2009 | Washington Post, The

Falling home prices and a deepening crisis in commercial real estate present obstacles to any robust recovery, the Federal Reserve said in its Beige Book. The report states that consumer spending has increased moderately and used-car sales are doing well. The job market continues to be a problem, "with further layoffs, sluggish hiring and high levels of unemployment."

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