Fed’s Beige Book Finds US Economic Activity Little Changed
The Marriner S. Eccles Federal Reserve building in Washington.
Photographer: Andrew Harrer/BloombergUS economic activity was little changed in recent weeks and employment levels held largely stable, the Federal Reserve said.
Overall consumer spending edged lower, according to the US central bank’s Beige Book survey of regional business contacts released Wednesday. Prices continued to rise, and several districts reported that input costs increased at a faster pace.