Fed’s Beige Book Shows Little or No Growth Across Most of US

US economic activity saw “little or no change” across most of the country in recent weeks, the Federal Reserve said in its Beige Book survey of regional business contacts.

“Most of the twelve Federal Reserve districts reported little or no change in economic activity since the prior Beige Book period,” according to the report published Wednesday. “Across districts, contacts reported flat to declining consumer spending because, for many households, wages were failing to keep up with rising prices.”