Beige Book shows growth, despite energy tab
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WASHINGTON (CBS.MW) -- The economy grew in most regions of the United States in September and early October, despite signs that higher energy costs are beginning to bite, the Federal Reserve said Wednesday.
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The U.S. economy should perform well  this year and in 2007 despite higher energy prices, the Federal  Reserve said in its 2005 report on Monday.
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The economyâs 6.2-percent gross domestic product (GDP) growth in the second quarter may have exceeded expectations, but the stock market nonetheless shrugged off the positive news.
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US economic growth was largely  "modest" in February with some sluggishness, the Fed's Beige Book report says.
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There's momentum ahead, despite this quarter's soft numbers.
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U.S. carbon dioxide emissions dropped slightly last year even as the economy grew, according to an initial estimate released yesterday by the Energy Information Administration.
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Reports from Federal Reserve districts say economy is growing but energy prices have cut spending. WASHINGTON  - The US economy kept on growing in September and early October, even as higher prices
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Gross domestic product gets a lot of attention, but other numbers matter, too.
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The economic expansion, which began in late 2001, still has staying power although growth will be sluggish through the rest of the year, business economists predict.
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The US economy has continued to grow in September and early October, but was hampered by record oil prices, a report from the Federal Reserve has shown.
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The US economy is growing robustly, despite a slowing housing sector, although inflation remains above the central bank's comfort level, two top Federal Reserve officials said yesterday.
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The economy grew at a 0.7 percent  annual pace in the first three months of this year, the weakest  in more than four years as businesses sold off inventories but  consumer spending remained strong, a Commerce Department report  on Thursday showed.
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WASHINGTON -- The U.S. economy has been battered by a bigger-than-expected slump in housing but will keep growing next year as consumers get relief from soaring energy costs.
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Despite a huge run-up in oil prices this year, the resilient American economy has continued to grow at brisk pace, defying predictions of an oil-related slowdown.
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A slowdown in US economic growth during the second quarter was not as sharp as previously thought, the Commerce Department reported today.
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The U.S. economy kept growing in September and early October, even as higher prices for energy put a crimp in consumer and business spending, the Federal Reserve said on Wednesday.
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The economy grew at a 0.7 percent annual pace in the first three months of this year, the weakest in more than four years as businesses sold off inventories but consumer spending remained strong, a Commerce Department report on Thursday showed.