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Get an update on the agricultural sector by the Federal Reserve in the RightRisk Newsrelease at: RightRisk.org/news.
ECONOMIC ACTIVITY maintained a slight to modest pace of growth in a majority of Districts this reporting cycle. However, while seven Districts reported some level of increase in activity, five noted flat or declining activity—three more than in the prior reporting period. Wages continued to grow at a modest to moderate pace in most Districts, while prices were generally reported to have risen modestly. Household spending was little changed this period according to most District banks. AGRICULTURAL CONDITIONS VARIED IN TANDEM WITH SPORADIC DROUGHTS ACROSS THE NATION. Districts also reported widely disparate trends in manufacturing activity ranging from brisk downturn to moderate growth. Expectations for the future of the economy were for slower growth over the next six months due to uncertainty around the upcoming election, domestic policy, geopolitical conflict, and inflation . . .
