US tourists shrink and parts shortage New virus negatively impacts economy Fed March 5 6:41
The Federal Reserve Board, the central bank of the United States, has released its latest economic report, showing that the effects of the new coronavirus have emerged, including a decline in tourists in New York and a shortage of parts in the manufacturing sector in the south. Was.
The Federal Reserve released the latest economic report on Thursday based on interviews with 12 regional federal federal federal federal federal federal federal governments in each region.
According to the report, the US economy was expanding moderately on the back of favorable personal consumption, but the adverse effects of the new coronavirus were reported from various places.
Among them, it was reported that supply chains were disrupted due to a shortage of parts and materials in the manufacturing sector such as high technology and chemicals in the south.
There were also reports of the decline in New York tourists and the cancellation of several group trips in the capital, Washington.
Farmers in the Midwest also expressed concern that the slowdown in China would not allow the export of US products agreed in trade negotiations.
The Federal Reserve made an urgent cut on Friday to reduce the volatility in the financial markets. However, the Fed has indicated its willingness to take new measures, including additional rate cuts, depending on the situation, raising concerns about the US economy. It is growing rapidly.