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Fed says U.S. economy grew modestly in Beige Book
The Federal Reserve reports that the US economy grew at a modest rate this fall, with solid gains in consumer spending helping offset lingering weakness in exports. The Fed's survey of economic conditions around the country found that seven of its 12 districts described growth as modest to moderate. The survey, known as the Beige Book, will be used when Fed officials meet on Dec 13-14.
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