Wu said that the Beige Book released by the Federal Reserve System shows that recent overall economic activity in the United States has experienced slight to moderate growth in 7 out of 12 Federal Reserve districts, while the districts reporting flat or declining economic conditions increased from 4 to 5. Consumer spending has seen a slight overall increase, but some regions have weakened due to economic uncertainty, rising price sensitivity, and reduced spending by low-income groups. Employment remains generally stable, with most areas experiencing little change in hiring; businesses are cautious amid demand uncertainty and rising costs, with some industries improving efficiency through artificial intelligence and automation. Overall prices have risen modestly, with most regions reporting increased non-labor input costs.