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Fed ‘Beige Book’ shows business worried about coronavirus and the election
video The U.S. economy continues to move forward but faces risks from both the presidential election and the feared spread of the novel coronavirus, the Federal Reserve reported Wednesday. In the central bank’s periodic “Beige Book” report from its member districts, officials saw activity growing at a “modest to moderate pace.” Threats from the coronavirus specifically did not seem to pose a major threat yet, though business contacts said they were worried about potential ramifications to come. “There were indications that the coronavirus was negatively impacting travel and tourism in the U.S.,” the ... (full story)