Federal Reserve Beige Book: Among the twelve districts of the Federal Reserve, eight districts reported slight to moderate growth in overall economic activity; three districts reported no change, and one district reported a slight decline. Compared to the previous three reporting periods (when most districts reported little to no change), the situation has improved this time. During this period, most banks reported that consumer spending experienced slight to moderate growth, primarily due to the holiday shopping season. Several districts also noted that spending among high-income groups was stronger, particularly in luxury goods, travel, tourism, and experiential activities

Federal Reserve Beige Book: Among the twelve districts of the Federal Reserve, eight districts reported slight to moderate growth in overall economic activity; three districts reported no change, and one district reported a slight decline. Compared to the previous three reporting periods (when most districts reported little to no change), this situation has improved. During this period, most banks reported slight to moderate growth in consumer spending, primarily due to the holiday shopping season. Several districts also noted that spending among high-income groups was stronger, particularly in luxury goods, travel, tourism, and experiential activities.

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