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The Labor Department said last week that the economy added 103,000 jobs in December, fewer than forecast by economists. The unemployment rate fell to 9.4 percent from 9.8 percent as many workers gave up on the labor force.
"Things are moving in the right direction," said Matus, senior economist at UBS Securities LLC.
The Fed said manufacturing "continued to recover across all Districts" and that Richmond, Va., Chicago and St. Louis respondents "identified a strong Fendi Peekaboo David Jones
Also, housing markets were "weak and sluggish," and commercial real estate markets had "mixed results," the Fed said.
energy costs, rose 0.8 percent in November from a year earlier, based on the Fed's preferred index. That's below the 1.6 percent to 2 percent range that central bank officials say is consistent with achieving their legislative mandate Fendi Wristlet Wallet for stable prices in the long run.
The Beige Book, based on information collected on or before Jan. 3, is released two weeks before each meeting of Fed policymakers. The Federal Open Market Committee gathers Jan. 25 26 in Washington. growth in 2011 to 3.1 percent from 2.6 percent in December, according to the Blue Chip Economic Indicators survey.
The Fed's anecdotal Beige Book report gives more evidence of an improving economy after Chairman Ben Bernanke expanded record monetary stimulus in November to reduce unemployment persisting near 10 percent. The Fed is likely to complete Fendi Purse Ebay
in November and December, with businesses cautiously optimistic about their 2011 outlooks.
Inflation, excluding food and Fendi Croc Tote
flow of new orders."
in the right direction
its $600 billion in bond purchases as planned and begin to shrink its portfolio in September, said Drew Matus, a former Fed staff member.
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