Fed's Beige Book continues to see 'moderate' economic growth

WASHINGTON (MarketWatch)
The U.S. economy continued to grow at a "moderate" pace over the last two months, with only one district reporting slower growth, the Federal Reserve said on Wednesday in its latest reading of economic conditions
Only the Philadelphia region reported slower economic activity
The Fed has used the phrase "moderate" in one way or another to describe the economy in every Beige Book report since last fall