US economy continues to grow at a moderate pace

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Economic activity in 12 regions of the United States from early October to mid November increased at a moderate pace, about the same as in the previous period.

Forecasts generally remain positive, with some respondents expecting the current level of economic growth to continue next year.

Forecasts generally remain positive, with some respondents expecting the current level of economic growth to continue next year.

“In the non-financial services sector, the picture remained quite positive, most districts reported growth at a moderate to moderate pace,” the report said.

Banking reports indicate continued, but slightly slower growth in lending.

House sales volumes have not changed much, housing construction growth has increased compared to the previous report. Activity in the field of construction and rental of non-residential real estate continued to increase at a moderate pace.

The conditions in the agricultural industry as a whole changed slightly, remaining influenced by adverse weather conditions and low grain prices. Activity in the energy sector has deteriorated somewhat, the review said.

Employment in the country continued to rise slightly. A moderate increase in wages persisted in most districts.

Prices showed moderate growth in the period under review. In general, companies for the most part expect price increases in the future.

The Beige Book review, which is based on data from the 12 Federal Reserve Banks, is published about two weeks before the Fed meeting. The information used in compiling the latest report was collected through November 18, inclusive, and processed by the Federal Reserve Bank of Dallas.

The next meeting of the leadership of the American Central Bank is scheduled for December 10-11. It will be accompanied by a press conference by Fed Chairman Jerome Powell and the publication of updated economic expectations of the Federal Reserve.