Federal Reserve Beige Book: U.S. Economic Activity Slightly Declined

The Federal Reserve's Beige Book shows that economic activity in the United States has slightly declined since the last report. Half of the Federal Reserve districts reported a slight to moderate decline in economic activity, three districts reported no change, and three districts reported slight growth. All Federal Reserve districts reported an increase in economic and policy uncertainty, leading to hesitancy in decision-making by businesses and households, adopting a cautious approach.

Manufacturing activity has slightly declined.

Consumer spending reports are mixed, with most Federal Reserve districts reporting a slight decline or no change in economic activity; however, some districts reported an increase in spending on items affected by tariffs. Residential real estate sales have remained nearly unchanged, and most Federal Reserve districts reported that new home construction activity is flat or slowing. Reports on bank loan demand and capital expenditure plans are mixed. Port activity is strong, while reports on transportation and warehousing activities in other regions are also mixed. Overall, the outlook remains slightly pessimistic and uncertain, unchanged from the last report. However, some Federal Reserve districts reported a worsening outlook, while others indicated an improvement.

Risk Warning and Disclaimer

The market has risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the individual user's specific investment objectives, financial situation, or needs. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at one's own risk