Economy starts '09 on weaker footing; outlook dim
WASHINGTON — The Federal Reserve says the economy started the new year on weaker footing and the outlook appears equally dim.
The Fed's survey of business conditions nationwide, collected between late November and Jan. 5, suggests the economic picture has darkened over the last two months.
It shows that recession-shocked Americans retrenched further, forcing retailers to ring up fewer sales and factories to cut back production.
The report concludes: "Overall economic activity continued to weaken across almost all of the Federal Reserve's districts."
Recent comments
Yes, this rosy view has been in the news for over a year.
malt | Jan. 14, 2009 at 1:11 p.m.
- Zoo director finds dream job 8:43 p.m.
- Investors' focus shifts 8:37 p.m.
- Forest Service plans to let fire burn 8:04 p.m.
- Destination moon 7:46 p.m.
- Lunar landing celebrated in books 7:34 p.m.
- Illustrators focus on facts 7:28 p.m.
- Pointy toilet paper 7:25 p.m.
- Moonwalk made mark on many 7:19 p.m.
- Moon landing: Let's hear from you 7:16 p.m.
- A profusion of roses 7:08 p.m.
- Utahn reunites with officer
- Millsap not franchise player
- Stadium of Fire lights up the 4th
- Can Jazz escape luxury-tax mess?
- The BCS sure won't fix itself
- Jazz talked Kirilenko for McGrady
- Interest in Millsap dwindling?
- 'Tea party' protesters unhappy
- NKorea fires 7 missiles defying U.S.
- Martinez takes care of dad, fights
- Palin resigning as governor
104 - Lack of Obama photos concerning103
- Don't listen to marriage cynics99
- Palin's and Romney's roles in 2012?92
- Utah leaner in too-fat country91
- Editorial: A sad day for Utah87
- Jazz talked Kirilenko for McGrady85
- Jazz plan to re-sign Millsap82
- 'Tea party' protesters unhappy70
- Y. gets verbal from cornerback70
The media has been inordinately good to President Obama so far. That...
Cornerback Jordan Johnson from Springfield, Mass., verbally committed to...
You've probably read the news about South Carolina Gov. Mark Sanford,...
Latest comments
illegals children will not get social security. no one under 50 is is going...
Saw it. Loved it.
An accurate, current income statement, balance sheet, and statement of cash...
I really liked Micheal Jackson...had some good songs and loved to watch him...
If you liberal "deep thinkers" believe Iran is going to love the US because...
When my wife and I picked out a middle name for our son, we wanted to use one...
I was told at the tender age of ten that the moon landing was filmed in...
Incredibly fabulous that the owners undid the contemporary changes. Great...
We sat around our old black and white television and watched the whole thing....
I was being trying to sneek a peek at the TV coverage at my babysitters...