Overall U.S. economic activity has increased slightly since late May, according to the Federal Reserve's Beige Book released Wednesday afternoon.
The Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, said five districts reported slight or modest growth, five noted no change, and two reported slight and modest declines.
Reports on consumer spending were mixed, the Fed said, with growth generally observed in consumer services but some retailers noting shifts away from discretionary spending.
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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.