Fed says US economy will get worse in 2009 (AP)

Building materials are lifted by crane to the roof of a building under construction on New York's Fifth Ave. Monday, Feb. 9, 2009. The Empire State Building is at left. The troubled commercial real estate industry is facing a deluge of debt coming due this year at the same time that property prices, rents and occupancies are falling. (AP Photo/Mark Lennihan)AP – The Federal Reserve warned Wednesday that the nation’s crippled economy is even worse than thought and predicted it would deteriorate throughout 2009, with no sign that the housing market will stabilize.


Leave a Reply