Fed Beige Book-moderate growth in most areas
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Most areas of the United States reported moderate economic growth through the first weeks of November and labor markets were tight in many regions, the Federal Reserve said on Wednesday.
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The U.S. economy continued to grow in the final weeks of the fourth quarter but the pace of activity slackened amid subdued holiday spending and a weak housing sector, the Federal Reserve said on Wednesday.
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The U.S. economy will grow at a  moderate clip in 2007 as consumer spending growth slows and  business spending moderates during the second half, a key  economic forecast released on Tuesday showed.
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The US gross domestic product grew only 2.2 percent last quarter.
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U.S. economic growth should rebound in the course of 2007 after hitting a soft patch in the first quarter and the main threat to the economy is inflation, a top Federal Reserve official said on Friday.
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The minutes of the Federal ReserveÂs Aug. 8 meeting showed a general expectation that the economy would perform at a sub-par level through next year.
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U.S. consumer prices and costs   excluding food and energy both rose a modest 0.2 percent last   month, the government said on Friday in a report that could   reassure the Federal Reserve that inflation pressures are   easing.
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The economy will likely pick up in  2007 after output growth slows rapidly in late 2006, according  to a survey conducted by the Philadelphia Federal Reserve Bank  released on Thursday.
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The U.S. economy appears to be  getting on a sustainable growth path with GDP expected to grow  2.8 percent in 2007, and the risks of inflation are slightly  higher than those of an economic slowdown, according to a  survey of economists released on Monday.
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The U.S. economy grew overall during  June through mid-July but some regions reported slowing  activity, and there were scattered reports of rising prices,  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 but slightly better than previously estimated, data showed  on Thursday.
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Consumer prices calmed down in November, helped by smaller increases in energy and food. That means the Federal Reserve probably will continue raising interest rates only gradually to keep inflation under control.
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The pace of U.S. economic activity  continued to pick up in most of the country in late November  through early January, the Federal Reserve said on Wednesday.
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The U.S. economy appears to be getting on a sustainable growth path with GDP expected to grow 2.8 percent in 2007, and the risks of inflation are slightly higher than those of an economic slowdown, according to a survey of economists released on Monday.
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Most parts of the country managed to enjoy moderate economic growth in the late fall despite troubles in the housing market and the automotive industry.
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Consumer prices calmed in November, helped by smaller hikes in energy and food. That means the Federal Reserve probably will continue raising interest rates only gradually to keep inflation under control.
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The U.S. economy will barely manage to  grow in the first quarter this year while inflation will remain  somewhat elevated, a quarterly survey issued by the  Philadelphia Federal Reserve Bank showed on Tuesday.