Federal Reserve Bank of Philadelphia Issues Beige Book on on Nov. 26, 2025
November 27, 2025
November 27, 2025
WASHINGTON, Nov. 27 -- The Federal Reserve Bank of Philadelphia issued the following Beige Book on Nov. 26, 2025:
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Summary of Economic Activity
Economic activity in the Third District was already trending down when the government shutdown spurred further economic disruption--driving modest declines overall across most sectors. Employment levels also fell, and workers appeared to be shifting from full- to part-time work. Wage pressures have generally ea . . .
* * *
Summary of Economic Activity
Economic activity in the Third District was already trending down when the government shutdown spurred further economic disruption--driving modest declines overall across most sectors. Employment levels also fell, and workers appeared to be shifting from full- to part-time work. Wage pressures have generally ea . . .