Federal Reserve Beige Book Reports Slight Economic Growth Amid Declining Consumer Spending

The latest Federal Reserve Beige Book indicates that the U.S. economy experienced slight growth, though consumer spending has declined. Businesses reported mixed conditions, with some sectors showing resilience while others faced slowing demand.

Labor markets remained stable, but wage growth has moderated. Inflation pressures persist, though at a slower pace. The report suggests that while economic expansion continues, weaker consumer activity could impact future growth prospects.

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