US economy continues broad expansion: Federal Reserve report

The US economy kept up "modest" or "moderate" growth in recent weeks, although lower oil prices were hitting the Dallas region, according to a Federal Reserve report released Wednesday.

Washington: The US economy kept up "modest" or "moderate" growth in recent weeks, although lower oil prices were hitting the Dallas region, according to a Federal Reserve report released Wednesday.

US job growth expanded "moderately" through late December, but that was not accompanied by upward pressure on wages, said the Fed`s Beige Book, a collection of economic reports from the central bank`s 12 districts.

Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.