The U.S. central bank said in its Beige Book report that the country is witnessing economic growth at a modest pace,... similar to the evaluations made in June and July.<br />Kim Hyo-sun tells us more.<br />The U.S. Federal Reserve says the country's economy is expanding at a modest pace.<br />That's according to the Beige Book, which is a report on the U.S. economy based on reports from the Fed's 12 regional banks,... released on Wednesday.<br />This is a similar evaluation as in June and July,... and is in contrast to April's evaluation that said the economic activities grew at a "slight-to-moderate pace."<br />The report also explained that manufacturing was down slightly from the previous period.<br />Despite the prolonged uncertainties over tariff and trade policies,... the central bank said most U.S. businesses remained optimistic about their prospects.<br />Meanwhile, the U.S. trade deficit narrowed slightly in July,... according to the Commerce Department on Wednesday.<br />It said U.S. exports increased in July to 207-point-4 billion U.S. dollars,... 1-point-2 billion dollars more than in June,... while imports dropped 400 million dollars from the previous month to stand at 261-point-4 billion dollars.<br />Analysts say this is due to a decrease in demand for capital goods driven by America's sluggish manufacturing industry.<br />Imports from China, the prime target of President Trump's trade offensive launched last year,... fell 1-point-9 percent to 39 billion dollars, the lowest level since April.<br />Kim Hyo-sun, Arirang News.<br />
