Mpls. Fed sees moderate regional growth in 2012

The Minnesota economy is expected to grow moderately in the year ahead, the Minneapolis Federal Reserve Bank forecasts.

The Fed sees moderate growth throughout the Ninth District economy.

In Minnesota, employment is expected to grow by a faster-than-average 2.8 percent over the year, while the unemployment rate should either hold steady or drop. There's nothing to indicate that it will increase, Fed economists said at a media briefing Tuesday.

Source: St. Paul Pioneer Press