Mubasher: The Federal Reserve said that the US economy continued to recover at a modest pace during the first weeks of this year, with companies optimistic about the coming months.
The US Federal Reserve added in the “Big Book” report issued today, Wednesday: “Economic activity expanded modestly from January to mid-February in most regions, and most companies remain optimistic about the next six to twelve months when vaccines are distributed. Corona on a larger scale. “
The Federal Reserve said: “Most regions reported that employment levels rose during the reporting period, albeit slowly.”
According to the report, the parts of the economy most affected by the Coronavirus pandemic, including the entertainment and hospitality sectors, showed a slight improvement.
The report said that despite supply chain disruptions, manufacturing activity increased moderately in most regions.