Energy Saving
Fed survey finds U.S. economy growing at moderate pace

The U.S. economy was growing at a moderate pace from mid-February through the end of March despite the harsh winter, the rising value of the dollar and a big plunge in oil prices, the Federal Reserve said Wednesday. In its latest survey of business conditions around the country, the Fed said that eight of its 12 banking regions described the economy as growing at either a moderate or modest pace with two others — Atlanta and Kansas City — describing conditions as steady. The report said that demand for manufactured goods was mixed, with the strong dollar cutting into demand for exports. The information included in the report, known as the beige book, will be used by Fed...