From late May to early July, economic activity in the U.S. increased slightly.
The outlook is assessed from neutral to slightly negative: only two regions forecast growth, while the majority are expected to remain flat or weaken slightly.
Report prepared by the Fed Boston branch, based on data collected up to July 7, 2025.
Prices continue to rise in all regions: seven regions describe the price increase as 'moderate', while the remaining five consider it 'light' – a trend that has not changed much from the previous report.
