Federal Reserve Beige Book: Economic activity has increased slightly, showing improvement compared to the previous report

The Federal Reserve's Beige Book shows that from late May to early July, economic activity increased slightly, with five regions experiencing growth, five regions remaining flat, and two regions declining slightly. This represents an improvement compared to the previous report. Although loan volumes increased slightly in most regions, uncertainty remains high, and businesses are cautious. Overall consumer spending declined, auto sales decreased slightly, and the performance of the tourism and manufacturing sectors varied. The outlook is neutral to slightly pessimistic, with only two regions expecting an increase in economic activity