Fed Survey Says New Signs of a Slowdown
By JEANNINE AVERSA , 09.06.2006, 04:09 PM
The economy ambled into the fall steadily but unstartlingly, with fresh signs of a slowdown as consumers watched spending more warily.
The Federal Reserve's latest survey of America's business climate, released Wednesday, found that "economic activity continued to expand ... but five districts indicated deceleration, while the remaining seven reported little change in the pace of growth."
People held back, especially, on spending for automobiles and household items.
The survey is based on information supplied by 12 regional Federal Reserve banks and collected before Aug. 28. That snapshot will figure into discussions at the central bank's next meeting on Sept. 20.
(snip/...)
http://www.forbes.com/entrepreneurs/entresales/feeds/ap/2006/09/06/ap2997788.html