From the Federal Reserve Beige Book: "Reports from the twelve Federal Reserve Districts suggest that economic activity increased modestly during the survey period of mid-November through December, but at a slower pace compared with the previous survey period. Among Districts, seven reported a slight increase in activity, two reported mixed conditions, and activity in three Districts was described as slowing."
The latest Federal Reserve "Beige Book," a survey and overview of current economic conditions, is available online.
Source: Aversa, J. (17 Jan. 2008). "Fed: Recession fears persist." Missoulian (AP story). A2.
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