Kansas City

Fed: Economy Still Weak, Outlook Promising 

Economic conditions remained sluggish from mid-April through May, according to reports today from the US Federal Reserve in its periodic “Beige Book” report. However, some Federal Reserve districts say the economy’s downward spiral is showing signs of moderating. And though they do not see a “substantial increase” in economic activity through the end of the year, the Fed’s forward-looking expectations have improved.