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.
- Aggies beat Spartans in snowy Logan 4:31 a.m.
- TCU 55, Utah 28 4:24 a.m.
- BYU 24, New Mexico 19 4:21 a.m.
- Jazz game at a glance 3:00 a.m.
- Real Salt Lake: Game at a glance 3:00 a.m.
- Stanford ends Y's soccer season 2:20 a.m.
- Jazz hope D-Will returns soon 2:19 a.m.
- Snow, SUU lose 2:18 a.m.
- Toone saves day for Wildcats 2:15 a.m.
- Win in New Mexico good for Y? 2:15 a.m.
- Apostle's wife felt comfort in attack
- Can BYU root for (ick) Utah Utes?
- Short-handed Jazz fly past Sixers
- D-Will home for daughter
- Utes excited for 'dream' game
- Bench proves fruitful for Y.
- Crash on snowy road kills woman
- BYU happy to escape with victory
- GameDay in Fort Worth
- Born of water and the spirit
- SLC council OKs gay rights policies
358 - Editorial: Mormons and gay rights
200 - BYU happy to escape with victory
194 - Will state consider gay rights law?
148 - TCU creams U.
134 - Can BYU root for (ick) Utah Utes?
130 - Letters: Strange breed in Utah
129 - Utes remain silent about BCS
120 - Pratt pleads not guilty to sex charges
106 - Celtics crush Jazz
104
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