US economy grew at 'moderate' pace in late 2013 - Fed's beige book

Wednesday 15 January 2014 19.25
The beige book survey shows that hiring in most areas was "muted" in late 2013
The beige book survey shows that hiring in most areas was "muted" in late 2013

The US economy grew at a "moderate" pace across most regions at the end of 2013, the Federal Reserve's "beige book" survey has shown, with price and wage rises limited.

The survey, covering the end of November and December, showed hiring in most areas was "muted", backing Labour Department data that showed a slowdown in job creation last month.