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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Giordano Bruno who wrote (274135)9/8/2010 2:25:25 PM
From: DebtBombRead Replies (1) of 306849
 
Fed survey: Slower growth spreads to more regions
Fed survey: More parts of country report slower growth as economy loses momentum


AP Economics Writer, On Wednesday September 8, 2010, 2:02 pm
WASHINGTON (AP) -- More regions of the country reported slower growth as the U.S. economy lost momentum in the late summer.

A new survey by the Federal Reserve finds the weakness spreading. Of the 12 regions tracked by the Fed, economic activity was mixed or slowed in five -- New York, Philadelphia, Richmond, Atlanta and Chicago. Activity elsewhere was described as modest or pointed to positive developments.

In the Fed's previous survey in late July, only two regions -- Atlanta and Chicago -- had reported slower growth.

Although the economy was still growing in late summer, there were "widespread signs of deceleration," the Fed says.
finance.yahoo.com
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