Economics
Fed Says Many Businesses Temper Outlook for Economic Growth
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The U.S. economy expanded at a “slight to modest pace” in recent weeks, representing a mild downgrade by the Federal Reserve in its latest report card of the country's economic health.
“Business contacts mostly expect the economic expansion to continue, however, many lowered their outlooks for growth in the coming 6 to 12 months,” according to the report released Wednesday in Washington.