The U.S. economy expanded modestly from October to mid-November and the outlook for growth was generally positive while labor markets remained tight across the country, the Federal Reserve said in a report on Wednesday. The latest temperature check of the economy, gathered from the central bank’s discussions with business contacts around the country, also said prices had increased at a modest pace. “Outlooks generally remained positive with some contacts expecting the current pace of growth to continue into next year,” the Fed said in its “Beige Book” report. Several Fed districts reported “relatively strong job gains” in professional and technical services as well as in health care. The picture was more mixed for manufacturing, with some districts noting rising headcounts while others said employment remained […]