Highlights: The Beige Book reports little overall change in economic activity since the previous release.Highlights: The Beige Book reports little overall change in economic activity since the previous release.

Federal Reserve Beige Book: U.S. Economic Activity Largely Stable

2025/10/16 02:06

On October 15, 2025 (ET), the Federal Reserve released its latest Beige Book, noting that overall U.S. economic activity has changed little since the prior report, with most districts describing growth as modest to flat. Most districts reported modest consumer spending, softer demand for durable goods, and resilient essentials. Travel and dining were mixed, with business travel steady and some softening in leisure.

The labor market showed signs of cooling, with slower hiring and fewer vacancies, easing tightness at the margin. Wage growth continued to decelerate, though it remains above pre-pandemic levels. On prices, firms cited easing input cost pressures, smoother supply chains, and limited ability or need to raise final prices; inflation pressures were described as moderate, with sticky housing and some service prices.

Signals from manufacturing and construction were mixed: factory orders fluctuated slightly and capital expenditures were more cautious; residential construction cooled under higher mortgage rates, while infrastructure and energy-related projects provided some support. Financial conditions remained tight, with borrowing costs high and bank lending standards firm; small businesses voiced concerns about credit costs and demand uncertainty.

Looking ahead, contacts were cautiously optimistic, expecting broadly stable activity in coming months while remaining alert to consumer demand, inventory adjustments, and policy and geopolitical uncertainties. The Fed said it will continue monitoring labor and inflation trends to assess the policy path.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
Share