Economics

Fed Blames Sharks, Strong Dollar for Slow Cape Cod Tourism

Visitors pass by a shark warning sign posted along the shores of Cahoon Beach in Wellfleet, Mass. on Aug. 1. — Visitors pass by a shark warning sign posted along the shores of Cahoon Beach in Wellfleet, Mass. on Aug. 1.
Photographer: David L. Ryan/The Boston Globe via Getty Images

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October 16, 2019 at 6:03 PM UTC

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Sharks took a bite out of Cape Cod tourism this summer.

The Federal Reserve Bank of Boston cited sharks and a tornado, along with a robust U.S. dollar, as reasons behind a “challenging summer tourist season” in Cape Cod.