Federal Reserve Bank of New York Issues Beige Book on April 23, 2025
May 03, 2025
May 03, 2025
WASHINGTON, May 3 -- The Federal Reserve Bank of New York issued the following Beige Book on April 23, 2025:
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Summary of Economic Activity
Economic activity in the Second District contracted modestly as heightened uncertainty weighed on businesses and consumers. Still, employment in the region was steady to up slightly and wages grew moderately. Price increases picked up to the higher end of the moderate range. Manufacturing activity declined modestly. . . .
* * *
Summary of Economic Activity
Economic activity in the Second District contracted modestly as heightened uncertainty weighed on businesses and consumers. Still, employment in the region was steady to up slightly and wages grew moderately. Price increases picked up to the higher end of the moderate range. Manufacturing activity declined modestly. . . .