Fed Beige Book: Most Districts See Recession Easing

FX Street reports:

A U.S. Federal Reserve survey released Wednesday shows that labor and real estate markets remain weak and credit conditions are still tight. But it also has good news: most regions are seeing signs that the recession is easing.

Most of the 12 Fed district banks "indicated that the pace of decline has moderated since the last report or that activity has begun to stabilize, albeit at a low level," said the survey, known as the "Beige Book."