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The U.S. economy was continuing to rebound as the new year began with many regions of the country reporting that retailers enjoyed a boost from a rush of last-minute holiday shopping, the Federal Reserve said Wednesday.Even the nation s beleaguered manufacturing sector showed further signs of life, and the central bank said reports from its 12 regional banks suggested the economic rebound that began in the second half of last year was gathering momentum in late December and early January. Housing and auto sales remaining strong amid scattered signs that manufacturers were beginning to r
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stanley tumblers r the last three years. Reports from the Federal Reserve districts suggest that the nation s economy has continued to improve since the last survey, the Fed said in the report, called the Beige Book for the color of its cover.The new survey will form the basis for discussion when central bank policy-makers hold their first meeting of 2004 on Jan. 27-28. Most analysts believe the Fed will continue to leave interest rates unchanged at a 45-year low of 1 percent for much of this year, hoping to provide a strong foundation for a sustained economic rebound in 2004.In other reports Wednesday, the Labor Department said wholesale prices rose by 0.3 percent in December, reflecting
stanley italia higher costs for gasoline and other energy products, while the nation s trade deficit shrank to $38 billion, the lowest level in a year, as exports rose and imports fell. Nczs The Price Of Ineptitude
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