federal reserve

Business
6:08 pm
Wed January 30, 2013

Service Businesses Getting Less Optimistic

Restaurant and other service business owners worry that people will be spending less.
courtesy flickr.com/drmillerlg

The Federal Reserve Bank in Dallas sees some signs that the Texas economy could be softening. The Dallas Fed’s monthly report on service businesses shows a decline in expectations about business growth.

Dallas Fed economist Jesus Canas says that there’s less optimism among service business owners than there was a year ago, and that’s mostly because of conditions in the national economy.

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