WASHINGTON, Oct. 17 -- The Federal Reserve Bank of St. Louis issued the following Beige Book on Oct. 15, 2025: * * * Summary of Economic Activity Economic activity and employment levels have remained unchanged since our previous report. Contacts continue to report that immigration policies have been resulting in labor shortages. Prices have increased moderately, with contacts reporting that inflation is eroding consumer purchasing power. Banking activity has remained unchanged since our previ  more