【Federal Reserve Beige Book: Most Districts Experience Modest Economic Growth, Consumption and Employment Remain Stable Overall】

Wu Shuo learned that the Beige Book released by the U.S. Federal Reserve indicates that recent overall economic activity in the United States has seen 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 grown slightly overall, 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.