US economy shows 'modest' growth: Fed report

Job seekers meet with recruiters during the HireLive Career Fair on November 12, 2015 in San Francisco, CaliforniaThe Fed released its Beige Book report Wednesday as Chair Janet Yellen, in a speech, signaled the rate hike could come in two weeks at the Federal Open Market Committee’s policy meeting on December 15 and 16. The report, a collection of anecdotal evidence from the central bank’s 12 districts, provides some of the context for the FOMC policymakers in deciding monetary policy. “Economic activity increased at a modest pace in most regions of the country since the previous Beige Book report” in October, said the report, based on information gathered before November 20.

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