Fed Survey: Economy Lost Strength In Late Summer

Courtesy NPR Programs: Morning Edition  Thu, 09/09/2010 - 2:00am

A new report from the Federal Reserve provides the latest evidence that economic growth is continuing to slow down across much of the country.

According to the Fed's Beige Book -- a compilation of data from across the U.S., there were "widespread signs" that economic growth slowed through the summer months.

» E-Mail This     » Add to Del.icio.us



 

More related items

Fed Chairman Bernanke On The Defensive In Germany
Federal Reserve Chairman Ben Bernanke gave a speech in Germany Friday defending the Fed's recent move to buy $600 billion in Treasury bonds. The move is called quantitative easing -- the idea...

Fed Moves Cast Cloud Over G-20 Economic Summit
The goal of this week's two-day summit in Seoul, South Korea, is to create a joint plan to rebalance the global economy. But tensions are building over currency manipulation and trade, and...

Summer Quarter Yields 2 Percent Economic Growth
The U.S. economy picked up the pace just a bit in the months from July to September, according to the Commerce Department. The 2 percent annual growth rate was up from 1.7 percent in the...

China's Highflying Economy Shows Signs Of Cooling
Economic growth has dropped from almost 12 percent in the first quarter to 10.3 percent in the second and is slowing further still. Effects are being felt in the real estate and automotive...

Worried About Recovery, Fed To Buy U.S. Debt
The Federal Reserve is taking new steps aimed at keeping the U.S. economy from slowing any further. The Fed will buy U.S. Treasury securities, as part of an effort to keep money flowing into...


 

Post new comment

The content of this field is kept private and will not be shown publicly.