Beige Book flags improved expectations

The latest edition of the Federal Reserve's Beige Book, compiled from evidence gathered by the 12 regional Feds, notes that contacts from across the United States had said their expectations for the economy had improved.

The reports from the regional Feds indicate that economic conditions remained weak and that contacts did not see a substantial increase in economic activity before the end of the year. However, five of the regional Feds found evidence that the pace of the downward trend was

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