Dallas Fed Expectations Moving toward 2010

In the January 14 release of the Beige Book, the Federal Reserve Bank of Dallas reports downturns in all major areas of the regional economy, along with widespread expectations that conditions will continue to worsen.

“Most respondents don’t expect conditions to improve until the second half of 2009 with a growing number of respondents now looking at early 2010,” says the report from the Dallas Fed.

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