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Fed survey finds widespread pessimism about economic future

Fed survey finds widespread pessimism about economic future Photo: MGN/WDIO

MARTIN CRUTSINGER AP Economics Writer     
Created: September 02, 2020 02:13 PM

WASHINGTON (AP) - The latest Federal Reserve survey of U. S economic activity has found generally modest gains in August but also pessimism about the future given the threats posed by the coronavirus. The Fed report says a theme echoed across the country is the continued uncertainty stemming from the pandemic and its negative effect on consumer and business activity.

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The report found that economic activity increased modestly last month from late July but remained well below levels seen before the pandemic hit in March. 

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MARTIN CRUTSINGER AP Economics Writer     

Copyright 2020 The Associated Press. All rights reserved.

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