- Cape man gets 8 years for robbery, his first offense (12/7/16)9
- 3 students in custody for violent threat; no details released (12/9/16)15
- Abuse suspect tries to take cop's gun; officer zaps him with Taser and punches his face (12/7/16)3
- Group seeks to create a neighborhood park on Cape Girardeau's south side (12/7/16)14
- Man sentenced to 103 years for murder of Cape woman (12/6/16)4
- Cape may allow residents to keep chickens; residents at meeting push for measure (12/6/16)34
- Poplar Bluff man accused of enticement, child porn in Scott County sting operation (12/4/16)
- Burglary suspect apprehended inside Jackson garage (12/4/16)
- Company to start recruiting businesses to Jackson, Cape (12/9/16)14
- 13 venues, 60 sponsors participating in Happy Slapowitz's Toy Bash on Thursday (12/7/16)2
Survey finds U.S. coping with 'slow, uneven growth'
WASHINGTON -- The U.S. economy coped with "slow and uneven growth" in late summer as manufacturers struggled with weak orders and retailers reported disappointing results from back-to-school sales, the Federal Reserve said Wednesday in a report that kept the door open to further interest rate cuts.
Many analysts were struck by the gloomy tone of the central bank's latest survey, based on interviews by the Fed's 12 regional banks in August. The survey will be used by policy-makers when they meet Sept. 24 to decide whether to change interest rates.
"It was a weaker report than I had expected them to put out," said David Wyss, chief economist at Standard & Poor's in New York. "We had a summer slowdown but more recently we have had signs of economic strength with the stock market coming back."
The report found that business activity had slowed in most parts of the country with "little or no gain in employment."
While the bank could use the survey to justify further cuts, many economists said they expected the Fed will continue to hold rates steady, at a 40-year low, as they have done all year.