20 September 2001, 09:19 Fed says US economy sluggish or slowing further in Aug, Sept
Washington, Sept. 19 (BridgeNews) - The Federal Reserve's survey of
business reported that economic conditions had not improved since its
previous report on Aug. 8. Despite some boost to retailers from
back-to-school spending, "overall consumer spending generally was said to
be flat to down," the Fed said. The Fed report, called the "beige book,"
was prepared prior to the Sept.
11th terrorist attacks in New York and Washington.
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