Economics
Fed Says Economy Showing Progress But Uncertainty Persists
- Childcare access emerges as major roadblock for workers
- Loan default worries rise among contacts in financial sector
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The U.S. economy showed signs of progress but continued to struggle amid the ongoing coronavirus pandemic, according to a new report from the Federal Reserve.
“Economic activity increased among most districts, but gains were generally modest and activity remained well below levels prior to the Covid-19 pandemic,” the central bank said in its Beige Book survey released Wednesday. “Continued uncertainty and volatility related to the pandemic, and its negative effect on consumer and business activity, was a theme echoed across the country.”