NFIB Weekly News

NFIB Weekly News Business Climate

Fed Survey: US Economy Expanding, But Business Worried About Trade Tensions (10/22/2019)

Reuters (10/16, Dunsmuir) reported, “The U.S. economy expanded at a slight to modest pace in September and early October but many firms are more downbeat about the months ahead, a Federal Reserve report said on Wednesday, the latest sign that the impact of U.S. trade policies continues to cloud the country’s economic outlook.” The Fed said in its report, “Business contacts mostly expect the economic expansion to continue; however, many lowered their outlooks for growth in the coming six to 12 months.” The report “also said the pace of price increases remained modest.”