Economics
Fed Highlights Uncertainty Amid Uneven Recovery as Some Struggle
- Restaurants worry about cooler weather slowing sales, Fed says
- Outlook remains extremely cloudy with fiscal stimulus ended
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The U.S. economy continued to grow across the country as it recovered from the coronavirus pandemic but the picture was uneven, according to a new report from the Federal Reserve.
“Changes in activity varied greatly by sector,” the central bank said in its Beige Book survey released Wednesday in Washington. “Economic activity continued to increase across all districts, with the pace of growth characterized as slight to modest in most districts.”