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Economic Report: Fed’s Beige Book report finds ‘slight’ growth in many regions as government shutdown depressed activity

Bloomberg News/Landov
Federal workers waited in line at a food bank in Washington D.C. during the partial government shutdown. The government’s closure led to slower economic activity in many regions of the country, the Fed said.

The description: Ten of the Federal Reserve’s 12 districts saw “slight-to-moderate” growth in late January and February, while St. Louis and Philadelphia reported “flat economic conditions,” according to the Fed’s Beige Book report released Wednesday.

What happened: The tone of the Beige Book report was somber. The partial government led to slower activity in about six Fed districts. The impact hit a wide range of sectors, including retail, auto sales, tourism, real estate, restaurants, manufacturing and staffing services.

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