Federal Reserve Beige Book: Overall economic activity grew at a modest to moderate pace in seven of the twelve Federal Reserve Districts

The Federal Reserve's Beige Book shows that overall economic activity grew at a slight to moderate pace in seven of the twelve Federal Reserve districts, while the number of districts reporting flat or declining activity increased from four to five. Although consumer spending saw a slight increase, some districts reported continued declines, with economic uncertainty and reduced spending by low-income consumers suppressing sales. Winter storms affected retail foot traffic, and immigration enforcement activities had a negative impact on urban customer demand