Economic activity grew "at a modest to moderate pace" across the nation although the Dallas Federal Reserve District "reported strong economic growth," according to the Fed's Beige Book, released Wednesday.

Manufacturing expanded, with in the Boston, Cleveland, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco districts all reporting improved activity. Contacts in the New York District call activity "steady," while Philadelphia "manufacturers reported that orders and shipments have fallen somewhat, and in the Richmond District, manufacturing activity softened since the previous report, although there were scattered reports of improvement," according to the report.

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