Personal Finance

September 4, 2013 1:48 PM

Fed’s Beige Book sees growth despite higher interest rates

Americans spent more on cars and houses in July and August, helping the economy maintain its “modest to moderate” growth even as borrowing costs increased, the Federal Reserve said. Consumers also spent more on travel and tourism while manufacturers expanded modestly, said the business survey compiled from the Fed’s 12 regional district banks, including the one in Kansas City.

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