{"id":156136,"date":"2025-11-27T10:02:11","date_gmt":"2025-11-27T10:02:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/156136\/"},"modified":"2025-11-27T10:02:11","modified_gmt":"2025-11-27T10:02:11","slug":"feds-beige-book-activity-little-changed-employment-eases-costs-still-rising","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/156136\/","title":{"rendered":"Fed&#8217;s Beige Book: Activity little changed, employment eases, costs still rising"},"content":{"rendered":"<p>The Fed\u2019s <a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/beigebook202511-summary.htm\" target=\"_blank\" rel=\"noopener nofollow\">Beige Book<\/a> indicated an economy that has largely stalled, with activity \u201clittle changed\u201d across Districts. Consumer spending declined again, while manufacturing posted slight improvement despite the drag from tariffs and uncertainty around their future path. Outlooks were broadly unchanged, though several contacts flagged \u201cincreased risk of slower activity in coming months.<\/p>\n<p>The labor market showed clearer signs of easing, with employment slipping \u201cslightly\u201d and around half of Districts reporting \u201cweaker labor demand\u201d. Wage gains were generally \u201cmodest\u201d, consistent with a gradual loosening in labor conditions.<\/p>\n<p>Price growth remained moderate but continued to reflect tariff-related pressures on input costs, especially in manufacturing and retail. Firms reported uneven ability to pass these higher costs through, with outcomes shaped by competition, consumer sensitivity, and client resistance. While businesses expect cost pressures to persist, \u201cplans to raise prices in the near term were mixed,\u201d suggesting a more uneven path for inflation heading into early 2026.<\/p>\n<p><a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/beigebook202511-summary.htm\" target=\"_blank\" rel=\"noopener nofollow\">Full Fed\u2019s Beige Book report here. <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The Fed\u2019s Beige Book indicated an economy that has largely stalled, with activity \u201clittle changed\u201d across Districts. Consumer&hellip;\n","protected":false},"author":2,"featured_media":156137,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,2829,111,139,69,1430],"class_list":["post-156136","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-fed","tag-new-zealand","tag-newzealand","tag-nz","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/156136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=156136"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/156136\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/156137"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=156136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=156136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=156136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}