Federal Reserve Beige Book: The economy grew slightly, and overall expectations for economic activity in the coming months were slightly optimistic
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Odaily report: The Federal Reserve's Beige Book shows that economic activity has "slightly" increased since mid-January, but consumer spending has declined. The report states that "overall consumer spending has declined, with reports of strong demand for necessities, but increased price sensitivity for discretionary items, especially among low-income shoppers." At the same time, prices have "moderately increased," with some regions seeing faster price increases than earlier. (<金十>)
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