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AP National Business

Fed survey finds growth ‘downshifted’ in summer due to COVID

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — U.S. economic activity “downshifted slightly to a moderate pace” in July and August due to rising concerns about COVID’s delta variant, as well as supply chain problems and labor shortages, the Federal Reserve’s latest survey of the nation’s business conditions revealed. The Fed survey, released Wednesday,

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