Economic activity has continued to increase in most of the U.S., according to the Federal Reserve's Beige Book released Wednesday afternoon, although the report also hinted at a deterioration in optimism.
The Beige Book, a compilation of anecdotal evidence on economic conditions in the twelve Fed districts, said eight of the twelve districts reported modest to moderate growth.
With several districts reporting more holiday traffic compared with last year, the report said non-auto retail sales grew modestly, while auto sales were flat.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.