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The Federal Reserve (FED) released the May Beige Book: National economic activity has slightly declined.
Gate News bot message, according to the latest May economic conditions report released by The Federal Reserve (FED), there is a downward trend in national economic activity. The report points out that uncertainty in the economy and policies has led businesses and households to adopt a cautious attitude.
In terms of performance in specific areas, manufacturing activity has shown a slight decline. Regarding the job market, most regions have maintained stable employment, but labor demand has decreased, and companies are generally experiencing delays in hiring.
In terms of prices, the report recorded a moderate increase in prices, with companies expecting to face rising costs and prices in the future.
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