Fed Survey Shows Economy Slowing

New Federal Reserve data shows a slowdown in job growth and manufacturing, and says the housing slump is still deepening. In the Fed's "Beige Book" survey, businesses say they're worried that will start to bleed their profits. But one thing is holding steady: inflation. A weaker dollar and surging oil prices meant the cost of things like rent, gas and food did increase in September — slightly. So when the Fed meets again next month, it now looks less likely to cut interest rates for a second time.



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