Fed Beige Book Says Growth Was ‘Modest to Moderate' in June

``"Overall, the report is tepid," Diane Swonk, chief economist at Mesirow Financial Inc. in Chicago, said in an interview on Bloomberg Radio's "The Hays Advantage" with Kathleen Hays. "It really echoes what the chairman has been telling us for the last two days, and that is that economic outlook is not looking too great. The economy has slowed."''