Federal Reserve Bank of Richmond Issues Beige Book on July 15, 2025
July 30, 2025
July 30, 2025
WASHINGTON, July 30 -- The Federal Reserve Bank of Richmond issued the following Beige Book on July 15, 2025:
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Summary of Economic Activity
The Fifth District economy grew modestly in recent weeks. Consumer spending at retail stores increased modestly as advertised discounts drove up foot traffic and sales. Spending at restaurants and hotels also rose with particular strength reported in higher-end and luxury establishments. Import activity fluctuated . . .
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Summary of Economic Activity
The Fifth District economy grew modestly in recent weeks. Consumer spending at retail stores increased modestly as advertised discounts drove up foot traffic and sales. Spending at restaurants and hotels also rose with particular strength reported in higher-end and luxury establishments. Import activity fluctuated . . .