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US Beige Book - January 2026
Overall economic activity increased at a slight to modest pace in eight of the twelve Federal Reserve Districts, with three Districts reporting no change and one reporting a modest decline. This marks an improvement over the last three report cycles where a majority of Districts reported little change. Most banks reported slight to modest growth in consumer spending this cycle, largely attributed to the holiday shopping season. Several Districts also noted that spending was stronger among higher-income consumers with increased spending on luxury goods, travel, tourism, and experiential activities. Meanwhile, low to ... (full story)
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FED BEIGE BOOK SAYS OUTLOOKS FOR FUTURE ACTIVITY ARE MILDLY OPTIMISTIC WITH MOST DISTRICTS EXPECTING SLIGHT TO MODEST GROWTH IN THE COMING MONTHS, WHILE PRICES ROSE AT A MODERATE PACE ACROSS MOST DISTRICTS WITH ONLY TWO REPORTING SLIGHT PRICE GROWTH
— First Squawk (@FirstSquawk) January 14, 2026
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