Fed: New England economic growth still slow, hiring ‘subdued’

ACCORDING TO THE BEIGE BOOK REPORT released by the Federal Reserve Bank of Boston, New England's economic activity continues to expand at a 'modest pace,' but business owners remain cautious. / BLOOMBERG FILE PHOTO/BRENT LEWIN
ACCORDING TO THE BEIGE BOOK REPORT released by the Federal Reserve Bank of Boston, New England's economic activity continues to expand at a 'modest pace,' but business owners remain cautious. / BLOOMBERG FILE PHOTO/BRENT LEWIN
BOSTON – New England businesses show signs of “cautious optimism” amid continued moderate economic growth in the region, according to the Federal Reserve Board’s Beige Book released Wednesday. The majority of the Fed’s regional contacts in retail, tourism, manufacturing, information technology and other service industries reported modest increases in sales, while business costs and prices…

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