The Federal Reserve says the U.S. economy is continuing to grow at a "modest" rate,... and the overall outlook has been "generally positive" despite the recent disruptions caused by U.S. trade policy.<br />In a report Wednesday,... the Fed said employment continues to expand,... and "labor markets remain tight, with contacts across the country experiencing difficulties filling open positions."<br />The report described an optimistic economy,... ahead of a meeting at the end of this month,... where the Fed is widely expected to cut interest rates.<br />