Some slowing in growth in May: Fed Beige Book

Reuters

WASHINGTON (Reuters) - Growth slowed in some U.S. regions during May as costlier food and energy as well as supply disruptions stemming from Japan's earthquake took a toll, the Federal Reserve said on Wednesday.

"Reports from the 12 Fed districts indicated that economic activity generally continued to expand since the last report, though a few districts indicated some deceleration," the U.S. central bank's periodic "Beige Book" summary said.

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The report on coast-to-coast conditions was prepared by the New York regional Fed bank and was based on conditions on or before May 27.

(Reporting by Glenn Somerville; Editing by Andrea Ricci)