Fed: Strong housing, auto sales boost US economy - WRBL

Fed: Strong housing, auto sales boost US economy

Posted: Updated:
WASHINGTON, Dc. -

A strengthening housing recovery and robust auto sales contributed to moderate growth across the United States in late February and March, according to a Federal Reserve survey.

All of the Fed's 12 banking districts grew moderately and growth accelerated in two districts - New York and Dallas - from January and early February.

The survey suggests the economy performed better in March than recent government data on hiring and consumer spending indicated. That could mean the weakness may be temporary.

The Fed survey, which is based on anecdotal reports, found hiring was unchanged or improved slightly compared with the previous report. And it noted that consumer spending grew modestly. But the report also said higher taxes and a spike in gas prices slowed sales.

  • On Your SideMore>>

  • Authorities investigate murder in Seale after body found in trailer home

    Authorities investigate murder in Seale after body found in trailer home

    Wednesday, April 23 2014 12:55 AM EDT2014-04-23 04:55:24 GMT
    The Russell County Sheriff's Department is investigating a murder in Seale, Alabama after the victim's friend and landlord found a body in a trailer home.
    The Russell County Sheriff's Department is investigating a murder in Seale, Alabama after the victim's friend and landlord found a body in a trailer home.
  • News 3 Neighbor: New Salem Baptist Church

    News 3 Neighbor: New Salem Baptist Church

    Tuesday, April 22 2014 10:30 PM EDT2014-04-23 02:30:05 GMT
    The town of Talbotton witnessed an amazing sight last week...a church being built from the ground up in one week! The project began on Saturday morning with a prayer on a concrete slab. A group called Carpenters for Christ traveled from eight states to help build a new sanctuary for New Salem Baptist Church in Talbotton.Pastor Kenneth Parker was overwhelmed. "I feel a lot of joy, a lot of awe and really unbelief that they would come this far. Some drove as long as 16 hours to get here."Dave T...
    The town of Talbotton witnessed an amazing sight last week...a church being built from the ground up in one week! The project began on Saturday morning with a prayer on a concrete slab. A group called Carpenters for Christ traveled from eight states to help build a new sanctuary for New Salem Baptist Church in Talbotton.Pastor Kenneth Parker was overwhelmed. "I feel a lot of joy, a lot of awe and really unbelief that they would come this far. Some drove as long as 16 hours to get here."Dave T...
  • Opelika police looking for man using counterfeit bills

    Opelika police looking for man using counterfeit bills

    Tuesday, April 22 2014 10:58 AM EDT2014-04-22 14:58:13 GMT
    Opelika police are searching for aman who made purchases using counterfeit money.On March 22, the suspect made two separate purchases at Target using two $100 counterfeit bills. Loss prevention officers reported the man.He is described as a black male, about 5'8" weighing around 180 pounds.Anyone who has any information about this case is asked to call the Opelika Police Department Investigative Services Division at (334) 705-5220 or the Secret Witness Hotline at (334) 745-8665.
    Opelika police are searching for aman who made purchases using counterfeit money.On March 22, the suspect made two separate purchases at Target using two $100 counterfeit bills. Loss prevention officers reported the man.He is described as a black male, about 5'8" weighing around 180 pounds.Anyone who has any information about this case is asked to call the Opelika Police Department Investigative Services Division at (334) 705-5220 or the Secret Witness Hotline at (334) 745-8665.
Powered by WorldNow

1350 13th Avenue
Columbus, GA 31901

Telephone: 706.323.3333
Fax: 706.327.6655
Email: news@wrbl.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.