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US Beige Book - July 2025
Economic activity increased slightly from late May through early July. Five Districts reported slight or modest gains, five had flat activity, and the remaining two Districts noted modest declines in activity. That represented an improvement over the previous report, in which half of Districts reported at least slight declines in activity. Uncertainty remained elevated, contributing to ongoing caution by businesses. Nonauto consumer spending declined in most Districts, softening slightly overall. Auto sales receded modestly on average, after consumers had rushed to buy vehicles earlier this year to avoid tariffs. ... (full story)
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Fed Beige Book: Prices Increased Across Districts, with seven characterising price growth as moderate and five characterising it as modest, mostly similar to the previous report.
— FinancialJuice (@financialjuice) July 16, 2025
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Fed's July Beige Book:
— Kevin Gordon (@KevRGordon) July 16, 2025
"Economic activity increased slightly from late May through early July. Five Districts reported slight or modest gains, five had flat activity, and the remaining two Districts noted modest declines in activity"
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FED BEIGE BOOK: OUTLOOK NEUTRAL TO SLIGHTLY PESSIMISTIC; ONLY TWO DISTRICTS EXPECT GROWTH, OTHERS SEE FLAT OR WEAKER ACTIVITY.
— First Squawk (@FirstSquawk) July 16, 2025
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MORE FED'S BEIGE BOOK: LATEST SURVEY AN IMPROVEMENT OVER PREVIOUS; UNCERTAINTY 'REMAINED ELEVATED;' NONAUTO CONSUMER SPENDING DECLINED MOST DISTRICTS #FOMC #minutes #economy
— Mace News (@MaceNewsMacro) July 16, 2025
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