US consumer spending fell further, while higher-end retail spending was resilient, the Federal Reserve’s latest Beige Book has said.
Some retailers noted a negative impact on consumer purchases from the government shutdown.
Manufacturing activity rose somewhat in most districts, though tariffs and tariff uncertainty were a headwind.
Wages generally grew at a modest pace and prices rose moderately.
Some retailers noted a negative impact on consumer purchases from the government shutdown.
Manufacturing activity rose somewhat in most districts, though tariffs and tariff uncertainty were a headwind.
Wages generally grew at a modest pace and prices rose moderately.