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Federal Reserve Beige Book: Economic activity improved slightly in most districts, employment remained generally stable
WuBlockJan 14, 2026
The Federal Reserve's latest Beige Book report, based on information collected as of January 5, 2026, shows that economic activity increased slightly to moderately in 8 of the 12 Federal Reserve districts, remained largely unchanged in 3 districts, and declined slightly in 1 district, reflecting an overall improvement compared to previous cycles.
Employment showed little net change overall, with businesses increasingly relying on temporary workers and filling open positions to manage uncertainty. Wage growth has returned to a more normal pace.Prices continued to rise modestly, with widespread cost pressures related to tariffs; some firms have begun passing these costs on to downstream customers. Energy and insurance costs are squeezing profit margins.[Wu Shuo]
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