Fed says growth still modest or moderate while optimism ebbs

THE FEDERAL RESERVE Beige Book reported that a moderate economic expansion continued in New England, much like the rest of the nation. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
THE FEDERAL RESERVE Beige Book reported that a moderate economic expansion continued in New England, much like the rest of the nation. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
NEW YORK - Optimism over prospects for growth at U.S. firms has begun to fade even as a majority of Federal Reserve districts continued to report modest to moderate economic expansion in recent weeks. “Most districts reported that firms remained positive,” according to a Federal Reserve report released Wednesday. “However, optimism has waned in some as…

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