US Firms Say Near-term Outlook Dimming Amid Slow Growth: Fed

Fahad Shabbir (@FahadShabbir) Published October 17, 2019 | 12:08 AM

US firms say near-term outlook dimming amid slow growth: Fed

Less than stellar US growth in recent weeks has caused many businesses to revise their outlooks and they now expect activity to weaken, the Federal Reserve said Wednesday

Washington, (UrduPoint / Pakistan Point News - 16th Oct, 2019 ):Less than stellar US growth in recent weeks has caused many businesses to revise their outlooks and they now expect activity to weaken, the Federal Reserve said Wednesday.

"The US economy expanded at a slight to modest pace.

.. as business activity varied across the country," the central bank said in its beige book report on the economy.

"Business contacts mostly expect the economic expansion to continue; however many lowered their outlooks for growth in the coming six to 12 months."

Facebook Twitter Reddit Pinterest Whatsapp

Prize Bonds

PSX 100 Index

Currency Rates

Gold Prices

Petrol Prices

Crypto

Recent Stories

ICC Womens T20 World Cup Qualifier, Match 2: Irela ..

ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..

Robinson, bowlers help New Zealand go 2-1 up again ..

Robinson, bowlers help New Zealand go 2-1 up against Pakistan

Shahzeb Chachar to hold khuli kachehri on April 26

Shahzeb Chachar to hold khuli kachehri on April 26

Heatwave amid Israel's aggression in Gaza brings n ..

Heatwave amid Israel's aggression in Gaza brings new misery, disease risk

Tourism must change, mayor says as Venice launches ..

Tourism must change, mayor says as Venice launches entry fee

Court adjourns Judicial Complex attack case till M ..

Court adjourns Judicial Complex attack case till May 17

Nasreen Noori’s book ‘Popatan Jahra Khwab’ l ..

Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched

Wafaqi Mohtasib inspection team visits Excise and ..

Wafaqi Mohtasib inspection team visits Excise and taxation office

AJLAC announces 5th Conference titled ‘People’ ..

AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..

Pak-US officials engage to enhance trade, investme ..

Pak-US officials engage to enhance trade, investment ties

IBCC to promote educational excellence, expand reg ..

IBCC to promote educational excellence, expand regional presence

Pakistani 'Blue Helmets' serving UN Peacekeeping M ..

Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..