FILE - In this Nov. 14, 2018 file photo, the shadow of a worker falls on a fence at the construction site of a convenience store in Victorville, Calif. On Wednesday, Jan. 16, 2019, the Federal Reserve releases its latest "Beige Book" survey of economic conditions. The Beige Book is based on anecdotal reports from businesses and will be considered along with other data when Fed policymakers meet next. (James Quigg/The Daily Press via AP, File)

Fed survey finds businesses worried by political uncertainty

January 16, 2019 - 2:06 pm

WASHINGTON (AP) — The Federal Reserve says business contacts in many regions of the country expressed less optimism amid a host of adverse developments, from plunging stock prices to uncertainty about a widening trade war.

In its latest report on economic conditions around the country, the Fed says that eight of its 12 regions reported the economy was expanding at a moderate pace as the new year began.

While the outlook remained generally positive, the report says that business executives had grown more worried about "increased financial market volatility, rising short-term interest rates, falling energy prices and elevated trade and political uncertainty."

The report, known as the beige book, says a few districts experienced a slowdown in economic activity.

AP Editorial Categories: