Federal Reserve Beige Book: The economy grew slightly, and overall expectations for economic activity in the coming months were slightly optimistic

Odaily News The Federal Reserve Beige Book showed that economic activity has grown "slightly" since mid-January, but consumer spending has declined. The report said, "Consumer spending has declined overall, with reports of strong demand for necessities, but increased price sensitivity for discretionary items, especially among low-income shoppers." At the same time, prices have "increased moderately", and prices in some areas have risen faster than in the previous period. (Jinshi)