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It’s Not Your Imagination: The Federal Reserve Says The Harsh Winter Impacted Businesses, Economy

“The word ‘weather’ is used 119 times in the report, compiled by the Federal Reserve Bank of Atlanta from data collected before Feb. 24, and “snow” or a derivative of snow is used 24 times,” says CNBC.

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"Severe weather across much of the United States took a toll on shopping and consumer spending in recent weeks, leading to slower economic growth or outright contraction in some areas of the country, the Federal Reserve said on Wednesday," reports CNBC.

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