Federal Reserve Bank of Richmond Issues Beige Book on April 23, 2025
May 03, 2025
May 03, 2025
WASHINGTON, May 3 -- The Federal Reserve Bank of Richmond issued the following Beige Book on April 23, 2025:
* * *
Summary of Economic Activity
On balance, the Fifth District economy grew mildly in recent weeks. Reports on consumer spending were mixed with some businesses seeing sales pick up as weather improved but others seeing sales decline due to declining consumer confidence and job security fears from federal workers. Residential and commercial real e . . .
* * *
Summary of Economic Activity
On balance, the Fifth District economy grew mildly in recent weeks. Reports on consumer spending were mixed with some businesses seeing sales pick up as weather improved but others seeing sales decline due to declining consumer confidence and job security fears from federal workers. Residential and commercial real e . . .