Blurry view of US economy complicates Fed’s task

Published



WASHINGTON (AP) — A hazy picture of the U.S. economy has emerged from the most recent snapshots of retail sales, housing, manufacturing, the job market and the confidence of consumers.

The figures reflect higher borrowing costs, slower hiring and rising uncertainty just before much of the government shut down Oct. 1 — all trends that the Federal Reserve is trying to assess at a policy meeting this week.

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