Wu Blockchain (@WuBlockchain): According to the Federal Reserve’s latest Beige Book, overall economic activity was largely stable, with some Districts reporting slight softening and…
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According to the Federal Reserve’s latest Beige Book, overall economic activity was largely stable, with some Districts reporting slight softening and consumer spending continuing to decline despite resilient high-end retail. Employment edged down, and some contacts noted reduced hiring needs in certain roles due to AI, while wages rose modestly. Prices increased slightly, and manufacturers and retailers broadly faced tariff-related cost pressures. https://t.co/BdhykUkKEm