America's economy continues moderate growth: Fed survey

U.S. economic activities in most surveyed districts continued to expand between mid-November and late December, but some oil producing regions saw signs of slowdown due to lower oil prices, a survey by the Federal Reserve showed Wednesday.

In the Fed's latest Beige Book which gauges the economy of its 12 districts, most districts reported a "modest" or "moderate" pace of growth, but Kansas City District reported only slight growth in December. Nonetheless, most districts expect faster growth over the coming months.