FED SAYS ECONOMY GROWING WITHOUT INFLATION.(BUSINESS)

Byline: Associated Press

The U.S. economy is growing nicely with few signs of inflation, the Federal Reserve said Wednesday in an upbeat report that could ease concern about a new rise in interest rates.

"The economy expanded moderately in January and February despite unusually severe weather in the East and Midwest," the Federal Reserve said in a survey of regional activity.

Even the weather impact was not all gloomy, the report said. Ski resorts and other winter getaways got a boost.

Perhaps more significantly, the survey said, "Overall, only limited price pressures are reported."

Analysts said the jitters of financial …