Fed Beige Book

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Fed ‘Beige Book’ economic report cites declining growth, rising prices and slow hiring

The U.S. economy contracted over the past six weeks as hiring slowed and consumers and businesses worried about tariff-related price increases, the Fed reported.

On inflation, the report described prices as rising “at a moderate pace and “widespread reports of contacts expecting costs and prices to rise at a faster rate going forward.”

Regionally, Boston, New York and Philadelphia all reported declining economic activity. Richmond, Atlanta and Chicago were among the districts reporting better growth.

https://www.cnbc.com/2025/06/04/fed-beige-book-economic-report-cites-declining-growth-rising-prices-and-slow-hiring.html