Zeev's Turnips Patch-No Politics (ZEEV)

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This is why we rallied.

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Fed Survey: Economy Sluggish in Sept, Oct


2:12pm ET (Reuters)


WASHINGTON (Reuters) - The U.S. economy was in the doldrums in the early fall, held back by a listless job market and soft retail sales, according to an anecdotal survey by the Federal Reserve released on Wednesday.

"Most districts reported that economic activity remained sluggish in September and early October. Retail sales were weak across the nation, including some declines in motor vehicle sales from very high levels," the Fed said it its "beige book" report, a snapshot of economic conditions compiled from reports by the Fed's 12 regional banks.

"Labor markets were lackluster in all districts. Overall wage and price increases were moderate, but significant price increases were noted in health care, insurance and shipping," the Fed said.