Last updateTue, 20 Aug 2019 8pm

Manufacturing & The Economy

Fed: Optimism on Economy Fading in Much of U.S.

Economic activity increased in most of the U.S., with eight of twelve Federal Reserve Districts reporting modest to moderate growth. The majority of districts indicated that manufacturing expanded, but that growth had slowed, particularly in the auto and energy sectors.

Outlooks generally remained positive, but many districts reported that contacts had become less optimistic in response to increased financial market volatility, rising short-term interest rates, falling energy prices, and elevated trade and political uncertainty. 

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