Coin World News reports that the Federal Reserve's Beige Book indicates that half of the districts reported a slight to moderate decline in economic activity, 3 districts reported no change, and 3 districts reported a slight increase. All districts noted that economic and policy uncertainty remains high, leading businesses and households to be hesitant and adopt a cautious approach in decision-making. Manufacturing activity has slightly declined. Consumer spending reports are mixed, with most districts indicating a slight decrease or no change in spending; however, some districts reported an increase in spending on goods affected by tariffs. Changes in residential real estate sales have been minimal, with most districts reporting that new home construction activity is stable or slowing. Reports on bank loan demand and capital expenditure plans vary. Port activity is active, but reports on transportation and warehousing activities in other regions are mixed.