Beige Book news and trends

Fed’s Beige Book Flags Consumer Spending Slide
Consumer Insights // November 26, 2025

The Federal Reserve’s final Beige Book of the year points to a noticeable cooling in sentiment as businesses and consumers end 2025 on more cautious footing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Fed’s Beige Book Finds Growth Flat, Uncertainty Rising
Economy // October 15, 2025

The Federal Reserve’s latest Beige Book paints a familiar picture of an economy searching for direction, one defined less by momentum than by hesitation. In the 56-page report released Wednesday (Oct. 15), the word “uncertainty” appears 40 times, while “optimism” surfaces only 13, a linguistic...

Fed Says Businesses Face Pinch of Rising Costs and Weak Demand
Economy // September 03, 2025

The Federal Reserve’s latest Beige Book survey—a qualitative assessment of the economy, small business and consumer sentiment—indicated that caution is the rule of the day. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Fed’s Beige Book Shows Muted Hiring and Spending as Uncertainty Lingers
Economy // June 05, 2025

A month and a half since the Federal Reserve’s last Beige Book, which takes the pulse of the economy through observations of businesses and community conditions across the central bank’s 12 districts, hiring is slowing and tariffs have weighed on corporate hiring decisions. Get the...

Interviews & Exclusives
Fed Beige Book Shows Consumers Resilient Despite Uncertainty

January 15, 2026
The Federal Reserve’s latest Beige Book strikes a cautiously upbeat tone, pointing to modest economic gains across much of the country even as businesses and consumers navigate higher costs, tighter credit conditions and shifting labor dynamics. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS […]

Fed Beige Book Data Highlights Pressure on Consumer Spending

March 05, 2025
The word “uncertainty” appears in the Federal Reserve’s latest Beige Book 34 times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Fed’s Beige Book Cites Weak Discretionary Spending

April 17, 2024
Eight times each year the Fed publishes what’s known as the Beige Book — a qualitative take from each of the 12 federal bank districts. Get the Full Story Complete...

Quick Reads
Tariff Could Bring ‘Notable Markdowns’ to Growth Forecasts Worldwide

April 20, 2025
A wave of new economic surveys and projections this week will illustrate the impact of America’s tariff campaign. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you […]

Federal Reserve Reports ‘Slight or Modest Growth’ in Economic Activity

May 29, 2024
Economic activity in the United States expanded from early April to mid-May, though it varied in different industries and Federal Reserve districts. Get the Full Story Complete the form to...

Fed’s Beige Book Says Holiday Spending Met or Exceeded Expectations

January 17, 2024
Economic activity in the United States remained relatively stable from mid-November through December.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Looking Up: Fed Says Vaccines Boost Optimistic Businesses Outlook

March 04, 2021
The economy in the U.S. is looking up, business owners say, with more vaccines and better employment levels going a long way towards improving conditions, according to the most recent...