美联储报告：美国整体消费支出再下滑

Core Insights - The latest Federal Reserve "Beige Book" report indicates that overall economic activity in the U.S. has not changed significantly since the last report, with a slight slowdown observed [1] - Consumer spending has further declined, particularly among middle- and low-income households, who are becoming increasingly sensitive to rising prices [1] - The labor market shows signs of deterioration, with hiring intentions decreasing in half of the regions surveyed [1][2] Economic Activity - Economic activity in two of the twelve Federal Reserve districts has slightly declined, while one district experienced slight growth; the remaining districts are generally weak [1] - Overall consumer spending is identified as the weakest segment of the economy, with negative assessments outnumbering those in other major categories [1] Consumer Behavior - There is a noticeable slowdown in consumer spending, especially among middle- and low-income families, who are more cautious in purchasing non-essential items due to price increases [1] - The report highlights a growing K-shaped divergence within the consumer base [1] Labor Market - The labor market is showing signs of weakening, with half of the districts reporting a decrease in hiring intentions among businesses [1] - Many retailers have begun to reduce their workforce due to slowing sales, while manufacturers and retailers are facing higher input costs attributed to tariffs [1]