Fed hints at looming US slowdown (BBC) {Beige Book report} [View All]

Despite recent growth in the US, there are signs the economy could be slowing down, the US Federal Reserve has said.

While overall economic activity grew between April and June, consumers are showing signs of caution as energy prices rise, the Fed's Beige Book said.

Particularly hard hit are lower income families, as sales at low price discount stores weakened.

The Beige Book, based on information from 12 regional Federal Banks aims to give a snapshot of the US economy.

"High gasoline prices were cited by a few districts as changing purchasing patterns or clouding the outlook for sales," the Fed survey said.
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more: http://news.bbc.co.uk/2/hi/business/5081394.stm

"Particularly hard hit are lower income families..." Gosh, did Bu**sh**Co overlook those guys AGAIN? How many times is that going to happen before it stops looking like an oversight?