Tenth District Services Activity Decreased Significantly

Larger cities with more people moving in, out may adjust better to economic shocks

Expectations for inflation may dilute power of negative interest rates

In February, before the coronavirus pandemic widened, the KC Fed LMCI suggested the level of activity had declined modestly and momentum had accelerated moderately.

Stress increased

Tenth District Services Activity Rose Modestly in February

Elevated debt may inhibit firms’ investments

Tenth District Manufacturing Activity Increased Modestly