Federal Reserve Bank of New York Issues Beige Book on June 4, 2025
June 23, 2025
June 23, 2025
WASHINGTON, June 23 -- The Federal Reserve Bank of New York issued the following Beige Book on June 4, 2025:
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Summary of Economic Activity
Economic activity in the Second District continued to decline modestly amid widespread uncertainty. Employment held steady, though the demand for workers softened and wage growth slowed to a modest pace. Selling price increases remained moderate, but input prices rose strongly with tariff-induced cost increases, esp . . .
* * *
Summary of Economic Activity
Economic activity in the Second District continued to decline modestly amid widespread uncertainty. Employment held steady, though the demand for workers softened and wage growth slowed to a modest pace. Selling price increases remained moderate, but input prices rose strongly with tariff-induced cost increases, esp . . .