(Chicago Sun Times) — The Federal Reserve’s economic survey released Wednesday found the U.S. economy growing this summer, even as risks mount. But the pace of economic activity has slowed in some parts of the nation, including Chicago.
Of the 12 regions tracked by the Fed, the survey said that growth held steady in Cleveland and Kansas City but slowed in Atlanta and Chicago. Economic activity elsewhere was described as modest.
High unemployment, cautious consumers and businesses, an ailing housing market and an edgy Wall Street have kept the recovery from gaining strength.