Fed: Economic Growth Steady

    WASHINGTON, DC - AUGUST 09:  The US Federal Reserve building is seen on August 08, 2011 in Washington DC.  Later today the Federal reserves monetary policy setting committee will release a statement,  following the downgrade of United States credit rating last week.  (Photo by Mark Wilson/Getty Images)

    Mark Wilson / Getty Images

    Thankfully, these new stats from the Fed won't be showing up in a campaign ad anytime soon. On Wednesday, the Federal Reserve report shows the U.S. economy is moving along at a “measured” rate, with consumer spending growing “at a moderate pace” and modest hiring. The Beige Book report noted concern for the upcoming fiscal cliff and worries over 2013's outlook.

    Read it at Reuters