US outlook highly uncertain, businesses pessimistic: Fed
Fri, May 29, 2020 - 5:50 AM
The pandemic caused activity to decline in all 12 Fed districts, most of which reported steep declines in employment.
AFTER weeks of economic shutdowns, the outlook for a US rebound remains "highly uncertain" and businesses nationwide are gloomy about how quickly things can return to normal, the Federal Reserve said on Wednesday.
At the same time, firms worry that generous unemployment...