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US Beige Book Still in the Black

US economy continued to grow last month.

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By: TOM BRANNA

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It may seem like the US economy has slowed, what with rising oil prices and falling consumer sentiment, but that’s not the case, according to data from the US Beige Book.

The U.S. economy continued to grow at a “modest to moderate pace” over the last month, the Federal Reserve said on Wednesday in the latest publication of anecdotes.

The Fed’s “Beige Book” use of the phrase “modest to moderate” is the same adjective used to describe the economy in the prior two reports.

Every region covered by the Fed’s 12 districts grew, ranging from “modest” in the Cleveland and St. Louis regions to a “faster pace” in the Kansas City area.

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