Fed survey: Economy expands throughout US
WASHINGTON — (AP) - The U.S. economy expanded in January and early
February in all parts of the country, but businesses are under
pressure to raise their prices.
A Federal Reserve survey shows that all 12 of the Fed's regions
reported growth at a "modest to moderate pace," though growth in
the Chicago region was slower than at the end of last year.
Retail sales picked up in all regions, except for Richmond and
Atlanta. Factory activity rose in all districts except St. Louis.
The survey hints at some inflationary concerns.
Costs are rising for manufacturers and retailers in most areas.
Manufacturers in many districts said they are increasingly able to pass on those
costs to customers.
Retailers in some districts said they have or soon will raise prices.