Fed survey shows US growth, hiring improves

A Federal Reserve survey of business conditions across the United States suggests last month's pullback in hiring may prove to be temporary.

A Federal Reserve survey of business conditions across the United States suggests that last month’s pullback in hiring may prove to be temporary.

A Federal Reserve report on business conditions across the United States suggests last month's pullback in hiring may prove to be temporary. The survey showed that each of the Fed's 12 bank districts grew steadily from mid-February through early April. And the survey noted that hiring was stable or increased in most of the country.

• From the Chicago Business Barometer™ Dropped: The overall index decreased to 56.6 from 67.6 in April. This was below consensus expectations of 62.3. Note: any number above 50 shows expansion. "Breadth of EMPLOYMENT expansion softened but remained strong." The employment index decreased to a still strong 60.8 from 63.7. The new orders index decreased to 53.5 from 66.3.• From the Dallas Fed: Texas Manufacturing Activity Expands

Let's take a look at the latest Fed regional economic surveys to catch a glimpse at current business conditions. Philly Region Back in Contraction The November 2012 Philadelphia Business Outlook Survey is back in negative territory. Indicators Suggest Diminished Activity

eceived The Philly Fed Business Outlook Survey shows regional activity weakened with current indicators negative. The Six-Month Outlook brightened in what I believe is rampant over-optimism. "The current activity index has shown no pattern of sustained growth over the past seven months, generally alternating between positive and negative readings."

ByChristopher F. Davis:Gold and silver have been on a tear since central banks around the globe have been racing to debase their currencies in an effort to increase the money supply. First we had the European Central Bank's announcement of an unlimited bond-buying program. Then Ben Bernanke and the U.S.

The New York Federal Reserve reported today that "the Empire