Fed: Economic activity declines in all districts, falling sharply in most

<p>Fed’s Beige Book economic report noted that “economic activity declined in all districts – falling sharply in most – reflecting disruptions associated with the COVID-19 pandemic.” Although many contacts expressed hope that overall activity would pick-up as businesses reopened, “the outlook remained highly uncertain and most contacts were pessimistic about the potential pace of recovery.” […]</p>
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