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Fed survey finds adverse impact from government shutdown

“The partial government shutdown, the longest in history, had an impact around the country, the beige book found” reports thebusinessjournal.com. In its latest report on economic conditions around the country, the Fed said that 10 of its 12 regions reported “slight-to-moderate growth” over the past two months.Some manufacturers expressed worries about weakening global demand for their products and adverse effects from President Donald Trump’s trade policies.At its January meeting, the Fed signaled that it was hitting pause on its rate hikes in light of a slowdown in global growth and the absence of inflation pressures.Louis — reported that conditions were “flat.” The Fed report, known as the beige book, will be used when central bank officials meet March 19-20 to consider what to do with interest rates.
 
Source: thebusinessjournal.com



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