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Fed Sees Signs of Hope for Economy

The U.S. economy's downward slide is slowing, with more regions seeing signs of stabilization since mid-June, according to the Federal Reserve's latest snapshot.

The Fed's "beige book," a compilation of impressions from businesses across the country that was released Wednesday, offered a brighter assessment than a previous report, which suggested that the economy continued to deteriorate in April and May.

Source: Washington Post

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