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FED Beige Book Highlights: Nothing to get Excited About

|Includes: FirstFed Financial Corp. (FED)
 

In September the Fed Beige Book said the economy was displaying “widespread signs of a deceleration compared with preceding periods”; there was modest growth, just a step down from earlier in the year. Today’s report essentially said conditions were little changed from the previous report, “on balance national economic activity continued to rise, albeit at a modest pace.”

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