U.S. economy keeps expanding in all regions: Fed survey

The U.S. economic activities kept growing in all regions of the country in recent weeks, indicating the recovery was on a solid pace, a survey by the Federal Reserve showed Wednesday.

In the Fed's latest Beige Book which gauges its 12 regions' economy in September and early October, six districts showed " moderate" expansion and other six districts reported "modest" expansion.

Most districts reported overall growth in consumer spending, with the pace often similar to that reported in the previous Beige Book.

While housing recovery was mixed across the country, consumer spending, manufacturing and tourism activities showed improvement in all 12 districts.

The latest report confirmed the Fed's view that the U.S. economy is on track to bouncing back in the second quarter after a weather-related contraction earlier in the year.

The Fed releases the Beige Book eight times a year to provide a snapshot of the local economy and updates it two weeks before each of its monetary policy meeting. The Fed's policymakers will meet on Oct. 28-29. It is widely expected to announce the end of its massive bond purchase program as the economy is on track to recovery.