{"id":2061,"date":"2025-06-04T19:22:04","date_gmt":"2025-06-04T19:22:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/fed-beige-book-flags-modest-decline-in-activity-stable-labor-market\/"},"modified":"2025-06-04T19:22:05","modified_gmt":"2025-06-04T19:22:05","slug":"fed-beige-book-flags-modest-decline-in-activity-stable-labor-market","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/fed-beige-book-flags-modest-decline-in-activity-stable-labor-market\/","title":{"rendered":"Fed Beige Book flags modest decline in activity, stable labor market"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">In a live reaction to the Federal Reserve\u2019s Beige Book release Wednesday afternoon, Bloomberg\u2019s Federal Reserve and economics reporter Catarina Saraiva highlighted an increasingly cautious mood across U.S. businesses and consumers.<\/p>\n<p>Saraiva stated the Federal Reserve\u2019s Beige Book is \u201cpretty similar\u201d report to what we have seen this year, pointing to slight declines in activity and a labor market holding steady.<\/p>\n<p>Saraiva emphasized how uncertainty, particularly tied to trade tensions and tariffs, continues to weigh on decision-making. She added that businesses and consumers \u201care kind of waiting to see how this tariff fight plays out.\u201d<\/p>\n<p>The Beige Book mentioned tariffs a total of 122 times, and that \u201ceconomic activity declining modestly\u201d was a recurring theme across multiple regions, she noted.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Fed Beige Book Shows Economic Activity Has Declined Slightly\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/GAxKR7RNq2E?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">Consumer spending holds<\/h2>\n<p>Despite fears that tariffs would depress household spending, Saraiva said U.S. consumers have remained surprisingly resilient. The consumer, she said \u201chas stayed strong\u201d and a \u201cbig part of that is the labor market.\u201d Retail sales increased slightly, but there\u2019s been a drop in big-ticket purchases.<\/p>\n<p>On inflation, Saraiva pointed to an ongoing concern at the Fed: the risk of inflation expectations becoming unanchored. \u201cThat completely takes away the Fed\u2019s ability to control prices,\u201d she warned. However, she noted that most market-based inflation measures remain stable, despite some recent volatility in sentiment surveys.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Michelle Bowman seen as a steady, regulation-light Fed candidate<\/h2>\n<p>Saraiva also discussed her recent reporting on Michelle Bowman, U.S. President Donald Trump\u2019s pick for the Federal Reserve\u2019s Vice Chair for Supervision. Bowman, currently a Fed governor, is known for her support of lighter-touch regulation and opposition to recent proposals for increased capital requirements.<\/p>\n<p>\u201cHer views are very widely known\u2026 she\u2019s kind of aligned with the industry when it comes to [regulation],\u201d Saraiva said.<\/p>\n<p>She added that Bowman still advocates for rigorous supervision and has called for an independent review of the Silicon Valley Bank collapse.<\/p>\n<p>Bowman could also be in the running to succeed Jerome Powell as Fed Chair, Saraiva added. She\u2019s already on the board and has \u201cproven herself to be a dedicated policymaker.\u201d<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a live reaction to the Federal Reserve\u2019s Beige Book release Wednesday afternoon, Bloomberg\u2019s Federal Reserve and economics reporter Catarina Saraiva highlighted an increasingly cautious mood across U.S. businesses and&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2061"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2061\/revisions"}],"predecessor-version":[{"id":2063,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2061\/revisions\/2063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2062"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}