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Fed survey finds concerns about rising trade tensions
13 days ago - By Chron
WASHINGTON - The Federal Reserve's latest survey of business conditions nationwide found rising concerns over the impact Trump administration trade policies could have on the economy.
The Fed's 12 regional banks said the economy is growing at a moderate pace although three districts - Philadelphia, St. Louis and Kansas City - depicted activity as somewhat below average.
While businesses remained optimistic about near-term prospects, the Fed found worries about trade had prompted some businesses to scale back or postpone their capital investment plans. Higher tariffs stemming from President...
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