AFP, WASHINGTONThe US economy showed less-than-stellar growth in the final weeks of last year, but produced solid holiday sales and enters the new year with a “modestly favorable” outlook, the US Federal Reserve said on Wednesday. On the day the US and China signed a long-awaited partial trade truce after months of conflict, the Fed said tariffs continued to weigh on the economy in some regions. “In many districts, tariffs and trade uncertainty continued to weigh on some businesses,” the report said. However, “expectations for the near-term outlook remained modestly favorable across the nation,” it said. Overall economic growth in the area “slowed to a slight pace,” it said.
