Took this step to help keep the u. S. Economy strong in the face of some notable developments and to provide insurance against ongoing risks. The u. S. Economy has continued to perform well. We are into the 11th year of the economic expansion, and the baseline outlook remains favorable. The economy grew at a 2. 5 pace in the first half of the year. Household spending supported by a strong job market, rising incomes and solid Consumer Confidence has been the key driver of growth. In contrast, Business Investment and exports have weakened amid falling manufacturing output. The main reasons appear to be Slower Growth abroad and trade policy developments. Two sources of uncertainty we have been monitoring all year. Since the middle of last year, Global Growth outlook has weakened. Notably in europe and china. Additionally a number of geopolitical risks including brexit remain unresolved. Trade policy tensions have waxed and waned and elevated uncertainty is weighing on u. S. Investment and
Auburn City Council has passed a law to give a city committee more oversight of property issues, despite the objections of at least one local developer.