Mexican Media Brands
Fed Slightly More Optimistic About U.S. Economy
The American economy expanded at a moderate pace from late February through early April, according to the Federal Reserve's Beige Book business survey.
#economics
Share
The American economy expanded at a moderate pace from late February through early April, according to the Federal Reserve's Beige Book business survey.
Economists were encouraged by the central bank's more positive tone compared to its reports earlier this year.
The Fed's district banks say growth has been bolstered by homebuilding, auto production and a modest increase in consumer spending. Labor markets across the country improved slightly or were unchanged.
But defense companies report furloughs and the idling of some factories in expectation of tighter future defense budgets.
Federal Reserve policymakers meet next on April 30-May 1.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.