Fed Beige Book Shows Consumers Resilient Despite Uncertainty

The Federal Reserve’s latest Beige Book strikes a cautiously upbeat tone, pointing to modest economic gains across much of the country even as businesses and consumers navigate higher costs, tighter credit conditions and shifting labor dynamics.

Covering economic conditions across the 12 Federal Reserve districts, the report shows that overall activity increased at a slight to moderate pace in eight districts, with outlooks for the months ahead described as mildly optimistic. That optimism...