Economics
Fed Says Economic Optimism Showing Signs of Cooling in Places
- Ten of 12 regional banks say omicron affecting activity
- Most districts report ‘solid growth’ in consumer prices
The Marriner S. Eccles Federal Reserve building in Washington, D.C.
Photographer: Samuel Corum/BloombergThis article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
The U.S. economy grew at a modest pace in the final weeks of last year, the Federal Reserve said, but business expectations cooled in some places as the omicron variant of the coronavirus spread.