After reading the brown book just released by the Federal Reserve, I summarized the triple pressures currently facing the US economy: 1. Increased economic uncertainty caused by tariffs 2. The consumption and service industries are generally weak 3. The labor market trend is stable, but the willingness to recruit has decreased On the whole, although the United States has not experienced a systematic recession, most regions are pessimistic about the coming months, especially against the background of uncertain tariff and policy environment of Trump.