Latest Fed survey sees improved economy

WASHINGTON – The economy kept expanding in all regions of the country in June and early July, helped by strength in consumer spending, a Federal Reserve survey released indicates. All 12 of the Fed’s regions reported growth with five – New York, Chicago, Minneapolis, Dallas and San Francisco – characterizing growth as “moderate” while the others reported “modest” growth. Boston and Richmond reported that growth came in at a slightly slower pace than the previous reporting period.