Throughout today's Fed's Beige Book prepared at the Federal Reserve Bank of Minneapolis it has been attested that overall economic activity increased further since the last report across all twelve Federal Reserve Districts and the overall growth pace is considered moderate.

In fact, consumer spending, tourism, nonfinancial services, manufacturing and transportation activities showed clear signs of gradual enhancement Residential real estate activity in many Districts was buoyed by the April deadline for the homebuyer tax credit, while financial activity was little changed on balance, although a few Districts noted a modest increase in lending and overall prices of final goods and services were largely stable as higher input costs were not being passed along to customers and wage pressures continued to be minimal.Moreover, the Fed signlaed that conditions in the labor market continue to improve over a gradual pace.