Federal Reserve Bank of Richmond Issues Beige Book on June 4, 2025
June 23, 2025
June 23, 2025
WASHINGTON, June 23 -- The Federal Reserve Bank of Richmond issued the following Beige Book on June 4, 2025:
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Summary of Economic Activity
The Fifth District economy continued to expand at a mild rate in recent weeks. Consumer spending picked up slightly in recent weeks, but contacts were concerned that declining sentiment could mean slower activity in the near future. Nonfinancial services providers also saw a slight increase in demand this cycle. Mea . . .
* * *
Summary of Economic Activity
The Fifth District economy continued to expand at a mild rate in recent weeks. Consumer spending picked up slightly in recent weeks, but contacts were concerned that declining sentiment could mean slower activity in the near future. Nonfinancial services providers also saw a slight increase in demand this cycle. Mea . . .