Fed sees moderate economic growth in spring

Washington • The Federal Reserve said Wednesday the U.S. economy kept expanding in the early spring, with tight labor markets and many businesses reporting rising wages. In its latest survey of economic conditions nationwide, the central bank found that it’s 12 regional banks all depicted growth as either “modest or moderate” from mid-March through early April. The strength came from consumer spending, tourism, housing construction and manufacturing. The report said businesses reported tight lab...

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