美联储褐皮书：受关税影响的商品支出有所增加

Group 1 - The Federal Reserve's Beige Book indicates that half of the regions reported slight to moderate economic decline, while three regions reported no change and three regions reported slight growth [1] - All regions noted high levels of economic and policy uncertainty, leading to hesitancy and cautious attitudes among businesses and households in decision-making [1] - Manufacturing activity showed a slight decline, and consumer spending reports were mixed, with most regions indicating a slight decrease or no change in spending; however, some regions reported an increase in spending on goods affected by tariffs [1] Group 2 - Residential real estate sales showed little change, with most regions reporting that new home construction activity was flat or slowing [1] - Reports on bank loan demand and capital expenditure plans varied across regions [1] - Port activity was active, but other regions reported mixed results in transportation and warehousing activities [1]