More American states are suffering economic declines, the St. Louis Federal Reserve Bank has warned Just over half of states in the US are struggling with slowing economic activity, which could be a signal of a looming recession, according to new research from the St. Louis Federal Reserve Bank. The December report pointed out that typically when 26 states demonstrate falling economic numbers, it offers “reasonable confidence” the nation as a whole will go into a recession. Twenty-seven states had declining activity in October, which is enough to point to a looming downturn, the authors of the report said, noting
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