Federal Reserve Bank of Richmond Issues August 2026 Beige Book
September 05, 2026
September 05, 2026
WASHINGTON, Sept. 5 -- The Federal Reserve Bank of Richmond issued the following August 2026 Beige Book:
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Summary of Economic Activity
The Fifth District economy continued to grow at a moderate rate. Consumer spending grew moderately, on balance, but consumers showed a preference towards experiential goods and services and pulled back elsewhere. Spending on travel and tourism continued to grow, most notably for higher end hotels. Manufacturing activity . . .
* * *
Summary of Economic Activity
The Fifth District economy continued to grow at a moderate rate. Consumer spending grew moderately, on balance, but consumers showed a preference towards experiential goods and services and pulled back elsewhere. Spending on travel and tourism continued to grow, most notably for higher end hotels. Manufacturing activity . . .