Fed’s Beige Book Says Businesses Expect Weak Growth in Months Ahead

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U.S. economic activity was relatively flat at the start of the year and businesses are pessimistic about growth in the months ahead, the Federal Reserve said in a Wednesday report.Half of the Fed’s 12 regional banks reported no change or slight declines in economic activity in their districts, with several others reporting slight or modest growth and one saying it had a significant decline.

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