WASHINGTON, May 3 -- The Federal Reserve Bank issued the following Beige Book on April 23, 2025: * * * National Summary Overall Economic Activity Economic activity was little changed since the previous report, but uncertainty around international trade policy was pervasive across reports. Just five Districts saw slight growth, three Districts noted activity was relatively unchanged, and the remaining four Districts reported slight to modest declines. Non-auto consumer spending was lower over more PR

WASHINGTON, May 3 -- The Federal Reserve Bank of Atlanta issued the following Beige Book on April 23, 2025: * * * Summary of Economic Activity The Sixth District economy grew slightly, on balance, over the reporting period. Labor markets were little changed, but some firms noted plans for slight reductions in headcount amid softening demand or rising cost pressures. Wages, nonlabor costs, and firms' prices rose modestly. Consumer spending fell slightly, and travel and tourism activity decline more PR

WASHINGTON, May 3 -- The Federal Reserve Bank of Boston issued the following Beige Book on April 23, 2025: * * * Summary of Economic Activity Economic activity increased slightly, about the same as in the previous report. Concerns over the impact of tariffs intensified but mainly affected the outlook. Prices rose modestly in recent weeks on average, despite larger increases in selected input prices. Employment edged up, but many firms planned to pause or limit hiring going forward because of  more PR

WASHINGTON, May 3 -- The Federal Reserve Bank of Chicago issued the following Beige Book on April 23, 2025: * * * Summary of Economic Activity Economic activity in the Seventh District was little changed on balance over the reporting period and contacts expected a slight decrease over the next year. Many contacts noted heightened uncertainty in their outlooks due to uncertainty over the direction of federal trade policy. Consumer spending increased modestly; employment and construction and re more PR

WASHINGTON, May 3 -- The Federal Reserve Bank of Cleveland issued the following Beige Book on April 23, 2025: * * * Summary of Economic Activity On balance, contact reports were consistent with flat business activity in the Fourth District in recent weeks, suggesting a weaker-than-usual spring. Contacts generally expected activity to remain flat in the months ahead. Consumer spending was down; however, some auto dealers reported an increase in sales as customers sought to purchase cars ahead  more PR

WASHINGTON, May 3 -- The Federal Reserve Bank of Dallasissued the following Beige Book on April 23, 2025: * * * Summary of Economic Activity Growth in the Eleventh District economy slowed to a slight pace over the reporting period. Nonfinancial services activity was flat, but manufacturing output rose modestly. Retail sales dipped, and loan demand increased slightly. Commercial real estate activity was stable, while housing demand remained tepid. Oilfield activity rose modestly. Employment an more PR

WASHINGTON, May 3 -- The Federal Reserve Bank of Kansas City issued the following Beige Book on April 23, 2025: * * * Summary of Economic Activity Economic activity in the Tenth District grew slightly, but expectations about business activity and consumer spending weakened considerably compared to the last report. Moreover, businesses' commentary about economic conditions shifted rapidly in recent weeks, as uncertainty rose quickly, concerns about tariffs weighed on decision making, and busin more PR

WASHINGTON, May 3 -- The Federal Reserve Bank of Minneapolis issued the following Beige Book on April 23, 2025: * * * Summary of Economic Activity Economic activity in the Ninth District edged lower across most sectors since the last report. Employment decreased and labor demand continued trending down. Wage pressure grew modestly, while prices moved moderately upward. Consumer spending fell slightly with noted exceptions, particularly on vehicle sales. Construction activity fell overall, ref more PR

WASHINGTON, May 3 -- The Federal Reserve Bank of New York issued the following Beige Book on April 23, 2025: * * * Summary of Economic Activity Economic activity in the Second District contracted modestly as heightened uncertainty weighed on businesses and consumers. Still, employment in the region was steady to up slightly and wages grew moderately. Price increases picked up to the higher end of the moderate range. Manufacturing activity declined modestly. Consumer spending was up modestly i more PR

WASHINGTON, May 3 -- The Federal Reserve Bank of Philadelphia issued the following Beige Book on April 23, 2025: * * * Summary of Economic Activity Business activity in the Third District declined modestly after falling slightly in the prior period. Nonmanufacturing activity decreased moderately after a slight decline last period. Nonauto retailers reported little change to a slight decline, with discounts helping to keep customer traffic steady. Auto dealers reported a strong increase in sal more PR

WASHINGTON, May 3 -- The Federal Reserve Bank of Richmond issued the following Beige Book on April 23, 2025: * * * Summary of Economic Activity On balance, the Fifth District economy grew mildly in recent weeks. Reports on consumer spending were mixed with some businesses seeing sales pick up as weather improved but others seeing sales decline due to declining consumer confidence and job security fears from federal workers. Residential and commercial real estate activity increased slightly th more PR

WASHINGTON, May 3 -- The Federal Reserve Bank of San Francisco issued the following Beige Book on April 23, 2025: * * * Summary of Economic Activity Economic activity in the Twelfth District slowed slightly during the mid-February through March reporting period. The step-down in economic activity was broad based, reported across many industries and different geographies. Employment levels fell somewhat, and employers across industries and geographies reported recent and planned layoffs. Wages more PR

WASHINGTON, May 3 -- The Federal Reserve Bank of St. Louis issued the following Beige Book on April 23, 2025: * * * Summary of Economic Activity Economic activity has remained unchanged since our previous report. Employment levels were unchanged and wage growth has been modest, although contacts reported the possibility of a future reduction in force. While prices continued to increase moderately, contacts indicated that the increases were starting to accelerate. District businesses were nega more PR

WASHINGTON, May 3 -- Atlantic Media, a print and online media company, issued the following news release on May 2, 2025: * * * Jamie Thompson and Josh Tyrangiel Joining The Atlantic as Staff Writers Thompson won 2025 National Magazine Award for Atlantic cover story, "To Stop a Shooter" As The Atlantic continues a major expansion of its editorial staff, today editor in chief Jeffrey Goldberg is announcing that award-winning journalists Jamie Thompson and Josh Tyrangiel will both become staff  more PR

SYDNEY, Australia, May 3 -- The University of New South Wales issued the following news: * * * Mathematician solves algebra's oldest problem using intriguing new number sequences A UNSW mathematician has discovered a new method to tackle algebra's oldest challenge - solving higher polynomial equations. Polynomials are equations involving a variable raised to powers, such as the degree two polynomial: 1+ 4x - 3x2 = 0. The equations are fundamental to maths as well as science, where they have more PR

ADELAIDE, Australia, May 3 -- The University of South Australia issued the following news release: * * * Before they vote: How schools shape young citizens As politicians continue the campaign trail with carefully scripted messages and media spin, researchers from the University of South Australia say young people are watching - and learning the wrong lessons about democracy. With children and teens already engaging with political issues on social media, the election period is a critical opp more PR