Federal Reserve: Annual Report
The Federal Reserve released its 93rd annual report on 6 June, in which it said "The US economy turned in another solid performance in 2006, although the pattern of growth was uneven."
According to the report, although the "housing market cooled substantially ... Elsewhere in the economy, activity remained strong [and] consumer spending increased vigorously in 2006 as households' real income made strong gains. Business investment rose at a solid rate for the year as a whole."
In the external
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