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Fed warns U.S. economic recovery is weakening
“The pace of the recovery in economic activity and employment has moderated in recent months, with weakness concentrated in the sectors most adversely affected by the pandemic,” the Fed’s rate-setting committee said in its post-meeting statement.
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Wall Street shrugs at Washington’s debt pileup
The debt poses no imminent danger to U.S. finances, economists say, so the more pressing concern should be jump-starting the economy.
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