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Most regions of US growing: Fed report

The US economy is continuing to grow and the labor market is improving, the Federal Reserve said Wednesday as it debates its first interest rate hike since 2006The US economy is continuing to grow and the labor market is improving, the Federal Reserve said Wednesday as it debates its first interest rate hike since 2006. The Fed issued a snapshot of the economy known as the Beige Book, which is a collection of anecdotal information from the 12 Fed regional banks. Ten of the Fed’s 12 districts reported “moderate,” “modest” and for one, “slight” growth, while conditions held “steady” in Atlanta and Kansas City, according to the report. “Weakening activity was attributed in part to the strong dollar, falling oil prices, and the harsh winter weather,” it said.

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