Fed Survey: Recovery Slows In Some Places
The pace of economic activity has slowed or held steady in parts of the country, revealing the economy’s choppy path back to health.
A new survey by the Federal Reserve finds the U.S. economy growing this summer, even as risks mount.
Of the 12 regions tracked by the Fed, the survey says growth held steady in Cleveland and Kansas City, but slowed in Atlanta and Chicago. Economic activity elsewhere was described as modest.
High unemployment, cautious consumers and businesses, an ailing housing market and an edgy Wall Street have kept the rebound from gaining strength.
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