Fed says several districts see slower growth
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Several U.S. regions noted slower economic growth in the last weeks of February but price pressures remained little changed despite tight labor markets, the Federal Reserve said on Wednesday.
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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.
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The Fed is tightening, but long-term rates aren't keeping up. Some worry that economic growth will slow.
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The nation's manufacturing sector expanded at a slower rate than expected in June and construction spending plunged in May, reinforcing the belief of some analysts that increasing sluggishness in the economy will prompt the Federal Reserve to pause at last in its credit-tightening regime.
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The economy limped ahead at just a 0.7 percent pace in the first quarter, the slowest in more than four years. Some businesses clamped down on spending, given the uncertainties about the severity of the housing slump.
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The U.S. economy should experience slower growth than originally anticipated for the remainder of the year and in 2007, the White House said Tuesday.
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Cleveland Federal Reserve Bank President Sandra Pianalto said on Thursday the economy has shifted to a lower growth track given restraints led by weak housing prices and falling equities prices.
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A Federal Reserve report painted a generally positive picture of an expanding economy Wednesday, while noting that in some regions, including California and neighboring states, &quot;growth had moderated somewhat.
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While some manufacturers in the Federal Reserve&#39;s Eighth District planned to expand and add jobs in the last few months, about the same number planned to close plants and cut jobs, according to the Fed&#39;s Beige Book report.
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WASHINGTON -- Most parts of the country saw modest economic growth in the past month, although there were pockets of sluggishness as businesses continued to cope with fallout from the troubled housing and automotive industries.
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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 economy could be headed for slower growth in the next several months, according to a report released Thursday by a private research group.
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Growth in business activity in the   U.S. Midwest slowed slightly in August, a report showed on   Thursday, but the data may signal the economy is in recession.
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The Federal Reserve's favored gauge of   U.S. inflation rose less than expected in July, while a measure   of Midwest business activity showed slower growth in August,   according to reports on Thursday that suggested the U.S.   central bank does not need to raise interest rates soon.
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The US economy is expanding at an uneven pace amid a cooling of the housing and automobile markets, with inflation pressures easing in some cases, a Federal Reserve report showed.
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Data released on Friday showed the   U.S. economy slowing with inflation in check last month,   providing further support for the Federal Reserve to hold   interest rates steady when it meets next week.
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The Federal Reserve said the economy appeared to be growing at a âmoderateâ pace but offered a somewhat cautious reading on inflation.