WASHINGTON (AP) -- The Federal Reserve says economic growth slowed in a few key regions of the United States from September through early October, as businesses grew worried about a budget impasse that led to a partial government shutdown.
The survey says overall growth continued at a modest to moderate pace and that eight of the Fed's 12 banking districts reported the same growth rate reported in August through early September. But four districts — Philadelphia, Richmond, Chicago and Kansas City — reported that growth had slowed.
Businesses around the country remained optimistic about the future. But many noted increased uncertainty because of the federal shutdown, which began on Oct. 1, and a looming deadline to raise federal borrowing limit.