Federal Reserve Bank of New York Issues Beige Book on July 15, 2025
July 30, 2025
July 30, 2025
WASHINGTON, July 30 -- The Federal Reserve Bank of New York issued the following Beige Book on July 15, 2025:
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Summary of Economic Activity
Economic activity in the Second District continued to decline modestly as heightened uncertainty hindered decision-making. Employment was up slightly and wage growth was modest. Selling price increases remained moderate, while input prices rose steeply as tariff-related cost increases were widespread. Manufacturing . . .
* * *
Summary of Economic Activity
Economic activity in the Second District continued to decline modestly as heightened uncertainty hindered decision-making. Employment was up slightly and wage growth was modest. Selling price increases remained moderate, while input prices rose steeply as tariff-related cost increases were widespread. Manufacturing . . .