Fed Beige Book: The economy expanded modestly in September, though the New York district...

|By:, SA News Editor
Fed Beige Book: The economy expanded modestly in September, though the New York district reported a leveling off in activity and Kansas City indicated a slowdown. Most districts reported strengthening in existing home sales, with prices described as steady to increasing. A number of reports on consumer spending note the negative effect from rising gasoline prices and concern about the "fiscal cliff."