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Federal Reserve Bank of San Francisco Issues Beige Book on on Oct. 15, 2025
October 17, 2025
WASHINGTON, Oct. 17 -- The Federal Reserve Bank of San Francisco issued the following Beige Book on Oct. 15, 2025:

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Summary of Economic Activity

Economic activity in the Twelfth District edged down slightly during the mid-August to September reporting period. Employment levels were little changed on net as most employers held head counts steady. Wages grew slightly, and prices rose modestly. Activity in retail trade and residential real estate decrease . . .

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