Federal Reserve's Beige Book: Increased spending on goods affected by tariffs

Odaily Planet Daily News: The Federal Reserve's Beige Book stated that half of the regions reported a slight to moderate decline in economic activity, three regions reported no change, and three regions reported slight growth. All regions indicate that economic and policy uncertainty is at a high level, leading businesses and households to hesitate and adopt a cautious attitude when making decisions. Manufacturing activity has slightly declined. The consumer spending report is mixed, with most regions reporting a slight decrease or no change in spending; However, some regions have reported an expected increase in spending on goods affected by tariffs. There has been little change in residential real estate sales, and reports on new home construction in most regions indicate that construction activities have remained stable or slowed down. The reporting situation of bank loan demand and capital expenditure plan is inconsistent. Port activities are active, but reports of transportation and warehousing activities in other regions are mixed. (Golden Ten)