There are lots of factors that have led to the slow economic recovery in the United States, but could one of the biggest factors be the weather?
According to NBC News, a report from the Federal Reserve said extreme weather has affected both shopping and spending in the past few weeks.
The word “weather” is used 119 times in the report, compiled by the Federal Reserve Bank of Atlanta from data collected before Feb. 24, and “snow” or a derivative of snow is used 24 times. The word “ice” appeared twice.
The report said sales in both New York and Philadelphia were the most affected by the weather.
Eight of the Fed’s 12 regions reported a slight uptick in economic activity.
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