Federal Reserve Beige Book: U.S. Economic Activity Slightly Declined

The Federal Reserve's Beige Book shows that U.S. economic activity has slightly declined, with half of the Federal Reserve districts reporting moderate declines in economic activity, three districts remaining unchanged, and three districts experiencing slight growth. Rising economic and policy uncertainty has led to cautious decision-making by businesses and households. Manufacturing activity has decreased, consumer spending is mixed, residential real estate sales are flat, and bank loan demand and capital expenditure plans are varied. The overall outlook is slightly pessimistic, with some regions experiencing deteriorating prospects while others have improved