Fed Districts See Modest Growth

Most Federal Reserve districts reported modest expansion in economic activity in recent weeks, but several regions noted some slowing, the U.S. central bank said in its "beige book" released Wednesday.

The New York district characterized growth as well maintained but with a few signs of deceleration, the Fed said. St. Louis said that activity increased more slowly than in the previous period, Boston reported some softening, and Dallas said economic activity continued to decelerate.

At the same time, economic conditions improved slightly in the Philadelphia Fed's region. ...