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  • More US regions saw economic activity stall or slow in November as Covid-19 cases surged, and businesses were less upbeat about their prospects, the Federal Reserve said Wednesday. The Fed's beige book survey of economic conditions said four of 12 regions saw little or no growth, while four others saw activity dip last month. While firms in most districts still have positive outlooks, "optimism has waned" amid "concerns over the recent pandemic wave, mandated restrictions (recent and prospective), and the looming expiration dates for unemployment benefits and for moratoriums on evictions and foreclosures," the report said. hs/cs
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  • Fed sees more signs activity slowing as optimism wanes
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