Fed says U.S. growth continued at "modest to moderate" pace
WASHINGTON, Oct 16 (Reuters) - The Federal Reserve said on Wednesday that U.S. growth continued to chug along at a "modest to moderate pace" in September and early October, providing the fullest update on the economy since a government shutdown halted publication of most data.
The picture painted by the Fed's Beige Book reporter showed that underlying momentum remained solid, although confidence had been tempered somewhat by uncertainty caused by budget battles in Washington.
"Reports from the twelve Federal Reserve Districts suggest that national economic activity continued to expand at a modest to moderate pace during the reporting period of September through early October," the Fed said.
(Reporting By Alister Bull; Editing by Chris Reese)