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Economy expands at modest pace www3.nhk.or.jp
Officials at the US central bank say economic activity continues to expand at a modest pace, thanks to strong employment.
The Federal Reserve on Wednesday released the latest report on the country's economy for the period between mid-May to the end of June.
The Beige Book is based on responses from businesses and other sources in the central bank's 12 districts.
The report says overall consumer spending was positive, but there are signs of weakening, such as slower auto sales.
It says employment continued to grow modestly, and wages for skilled workers were on the rise.
But the report also referred to Britain's decision to leave the European Union as a downside risk.
Fed officials are scheduled to discuss policies based on the report, at a meeting in late July.
A growing number of market players believe the Fed will postpone another rate hike, as it is assessing the impact of Britain's exit from the EU.
Published Date:2016-07-14
