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US Beige Book - May 2026
Economic activity increased at a slight to moderate pace for ten of the twelve Federal Reserve Districts, while one District reported a slight decline and one reported no change. Consumer spending remained mixed across Districts and increasingly bifurcated across income groups amid affordability pressures. Higher-income households remained resilient and less sensitive to price increase, while middle-income households were described as “squeezing more life out of every dollar before deciding to spend it,” and low-income consumers showed greater financial strain. Overall, there were reports of increased credit card ... (full story)
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FED BEIGE BOOK: U.S. ECONOMIC ACTIVITY EXPANDED AT A SLIGHT TO MODERATE PACE ACROSS MOST FED DISTRICTS, THOUGH ELEVATED UNCERTAINTY AND SIGNS OF SOFTENING CONSUMER SPENDING CONTINUED TO WEIGH ON BUSINESS SENTIMENT.
— First Squawk (@FirstSquawk) June 3, 2026
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FED BEIGE BOOK: INFLATION PRESSURES STRENGTHENED, WITH MOST DISTRICTS REPORTING HIGHER PRICE GROWTH THAN IN THE PRIOR REPORT, WHILE EMPLOYMENT REMAINED LARGELY FLAT ACROSS THE COUNTRY.
— First Squawk (@FirstSquawk) June 3, 2026
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