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US Beige Book - November 2025
Economic activity was little changed since the previous report, according to most of the twelve Federal Reserve Districts, though two Districts noted a modest decline and one reported modest growth. Overall consumer spending declined further, while higher-end retail spending remained resilient. Some retailers noted a negative impact on consumer purchases from the government shutdown, and auto dealers saw declines in EV sales following the expiration of the federal tax credit. Reports of travel and tourism activity reflected little change in recent weeks, with some contacts noting cautious discretionary spending among ... (full story)
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Fed Beige Book: Economic activity was little changed since the previous report, according to most of the twelve Federal Reserve districts, though two districts noted a modest decline and one reported modest growth.
— FinancialJuice (@financialjuice) November 26, 2025
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FED BEIGE BOOK: WAGES GREW MODESTLY OVERALL, WITH STRONGER PRESSURE IN MANUFACTURING AND CONSTRUCTION; REPORT COMPILED BY FED DALLAS USING DATA THROUGH NOV 17, 2025.
— First Squawk (@FirstSquawk) November 26, 2025
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FED BEIGE BOOK: PRICES INCREASED AT A MODERATE PACE DURING THE REPORTING PERIOD.
— First Squawk (@FirstSquawk) November 26, 2025
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Fed Beige Book: Employment declined slightly over the current period, with around half of the Districts noting weaker labor demand. https://t.co/QHOEhr4Xtr
— FinancialJuice (@financialjuice) November 26, 2025
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