David Kirkpatrick

August 12, 2010

Economic recovery weakening …

Filed under: Business, Politics — Tags: , , , , , — David Kirkpatrick @ 2:23 am

… per the Fed. Not good news out there at all, and a lot of us are really feeling it right now.

From the link:

The U.S. economic recovery is weakening, the Federal Reserve warned at the conclusion of its meeting Tuesday, its most bearish outlook in more than a year.

“The pace of recovery in output and employment has slowed in recent months,” the Fed said in its statement. It said while it still expects the economy to grow, the improvement will be “more modest in the near term than had been anticipated.”

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