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2025-09-12 16:18:49
[Federal Reserve Beige Book: Moderate Economic Growth, Easing Inflationary Pressures] ⑴ The Federal Reserve's Beige Book shows that overall economic activity grew slightly from July to August, inflationary pressures further eased, and market concerns about the economic outlook have eased. ⑵ The Beige Book notes that most districts reported flat or slightly rising consumption, with strong performance in the tourism sector, but manufacturing activity generally declined, and the real estate market remained sluggish. ⑶ Regarding the labor market, employment levels remained flat or slightly increased in most districts, businesses showed little interest in hiring, employee turnover declined, and wage growth generally slowed. ⑷ Regarding prices, inflationary pressures continued to ease, with moderate price increases in most districts, and businesses expect inflationary pressures to ease further in the coming months. ⑸ The Federal Reserve's Beige Book, compiled by the 12 regional Federal Reserve Banks, reflects the state of the U.S. economy and provides a reference for monetary policy decisions.
