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As one would expect, productivity growth has slowed along with the economy.
Participants agreed that activity in the office leasing market has slowed considerably compared with 2000, with landlords more apt to give concessions to tenants.
The pace of business inventory accumulation slowed sharply in January from the fourth-quarter rate.
The trade deficit with Canada also worsened as Canadian growth slowed markedly.
Monitoring the jets with the orbiting Chandra X-ray Observatory over the past 2 years, researchers have viewed the jets as they traveled at half the speed of light, slowed down, and faded.
Office properties are seeing more sublet space become available and leasing has slowed from last year's pace.
The information reviewed at this meeting suggested that the pace of economic expansion, though still substantial, might have slowed somewhat recently.