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Fed Bank Midwest Survey Finds No Major Crash Peril
The Federal Reserve Bank of Chicago reports Midwest business and employment near record levels with no severe crash feared. It cites soft spots like declining sales and layoffs, but says declines reflect a return to normal sales, and production now exceeds demand. Consumer resistance began two years ago with nightclub and luxury goods weakness.
MENTIONED IN THIS ARTICLE
Chicago
Federal Reserve Bank of Chicago
Midwest
Seventh Federal Reserve District
Iowa