Fed report: Economic activity expanded slightly

Overall economic activity expanded slightly, according to the latest Beige Book from the Federal Reserve System. In 10 of the 12 regions surveyed by the Fed since the end of February, the economy has grown moderately and overall consumer spending has been flat. Home sales are also increasing in most areas.

Consumer spending flat

Overall consumer spending remained stable across multiple regions, according to surveys. This shows that consumer confidence remains solid and they are optimistic about the current economic environment.

home sales growth

In addition to flat consumer spending, home sales also increased in most regions. This may be related to the low interest rate environment and the stability of the real estate market.

Red Sea shipping blocked

However, the investigation also revealed that Red Sea shipping was somewhat hampered. This may have some impact on related industries and supply chains.

• Baltimore Broken Bridge
• In addition, the situation of broken bridges in Baltimore also deserves attention. This may bring certain challenges to the local infrastructure construction and transportation industry.