U.S. manufacturing output fell for a second straight month in February, says Reuters. Factory activity in New York state hit a nearly two-year low this month, offering further evidence of a sharp slowdown in economic growth. Federal officials are scheduled to meet next Tuesday and Wednesday to assess the economy. The economy is reportedly losing steam as the stimulus from last year’s $1.5 trillion tax cut package fades. One economist said, "The economy is spinning its wheels and not gaining any traction yet."

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