Fed report shows economic improvement


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But, in the San Francisco region covering the entire western U.S., retail sales were described as "feeble," especially furniture and electronics. Commercial real estate "continues to deteriorate" and sales of new cars remain "exceptionally weak."

On the positive side the Fed reports a "sustained pickup of home sales" in some areas, new orders and sales "increased modestly" for technology products, and used cars are now selling at "normal" levels in some areas.

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