Economic Indicator
Latest Fed survey sees improved economy

The economy kept expanding in all regions of the country in June and early July, helped by strength in consumer spending, a Federal Reserve survey released Wednesday indicates. All 12 of the Fed's regions reported growth, with five — New York, Chicago, Minneapolis, Dallas and San Francisco — characterizing growth as "moderate" while the others reported "modest" growth. Boston and Richmond, Va., reported that growth came in at a slightly slower pace than the previous reporting period. The Fed's survey, known as the "beige book," will be used by central bank officials when they next meet July 29-30 to review interest rate policies. ...