Group 1 - Silver futures are currently trading above 12384, with a reported price of 12422, reflecting a 2.50% increase from the opening price of 12250 [1] - The highest price reached today was 12483, while the lowest was 12161, indicating a short-term oscillating trend in silver futures [1] - Recent price movements in silver indicate a slowdown in momentum after a rapid increase, with the price reaching a peak of 12480 and a target of 12500 [3] Group 2 - The Federal Reserve's Beige Book indicates a decline in overall consumer spending in the U.S., despite resilient high-end consumer expenditure [2] - Retailers have reported negative impacts on consumption due to the federal government shutdown, alongside widespread cost pressures in manufacturing and retail due to tariffs [2] - Initial jobless claims in the U.S. fell to 216,000, the lowest level since mid-April, indicating a stronger labor market than expected [2]

Core Insights - The Federal Reserve's Beige Book indicates that economic activity has not changed significantly since the last report, with most districts reporting stable conditions, while two districts noted slight declines and one district reported slight growth [1] - High-end retail spending remains resilient, but overall consumer spending in the U.S. has declined further [1] - Retailers have pointed out that the government shutdown has negatively impacted consumer purchasing power [1] - There is widespread upward pressure on costs in the manufacturing and retail sectors, attributed to tariff-induced cost increases [1] - Most businesses connected to the Federal Reserve districts expect cost pressures to persist in the future [1]

新华财经纽约11月26日电（记者刘亚南）美国联邦储备委员会26日发布的全国经济形势调查报告显示， 根据10月上旬到11月中旬收集的信息，虽然高端消费支出仍有韧性，但美国消费支出整体进一步下滑。 报告说，一些零售商提到联邦政府"停摆"对消费带来的负面影响。此外，制造业和零售业出现广泛成本 上涨压力，反映出关税引起的成本增加。展望未来，联邦储备区所联系的企业大多预期成本上涨压力会 持续。 根据美国《联邦储备法》，美国全国划分为12个联邦储备区，每区设立一家联邦储备银行。该报告根据 12家联邦储备银行的最新调查结果编制而成，也称"褐皮书"。 （文章来源：新华社） ...