Fed’s Beige Book Finds US Economic Activity Little Changed (3)

US economic activity was little changed in recent weeks and employment levels held largely stable, the Federal Reserve said.

Overall consumer spending edged lower, according to the US central bank’s Beige Book survey of regional business contacts released Wednesday. Prices continued to rise, and several districts reported that input costs increased at a faster pace.

“Tariff-induced input cost increases were reported across many districts, but the extent of those higher costs passing through to final prices varied,” the Fed said. Some opted to keep selling prices largely unchanged to retain customers, while others fully passed on higher import costs to ...