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US economy grew in April-May after Q1 stall: Fed Beige Book

The US economy returned to modest-to-moderate growth during April and May after stalling in the first quarter of the year, the Federal Reserve's Beige Book survey saidThe US economy returned to modest-to-moderate growth during April and May after stalling in the first quarter of the year, the Federal Reserve’s Beige Book survey said Wednesday. Most of the Fed’s 12 districts saw gains in consumer spending, including on cars and homes, Construction, travel and tourism strengthened in most areas.

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