Summary:
The Fed report made public Wednesday said that the pace of activity varied greatly among sectors of the U.S.
economy. Housing demand showed solid gains, helped by very low mortgage rates, but conditions in commercial real estate continued to deteriorate. Restaurants in many districts expressed concern that cooler weather would slow sales as they have relied on outdoor dining, the Fed report said. The Fed report was based on responses gathered by the Fed’s 12 regional banks before Oct.
9. Congress so far has been unable to reach a compromise and provide another package of economic support for individuals and businesses..