Consumer spending, particularly on retail goods, inched down in recent weeksSeveral reports cited heightened price sensitivity by consumersDemand for restaurants, hotels, and other establishments softened due to elevated prices, as well as to unusual weather conditions in certain regionsManufacturing activity was largely unchangedSeveral reports highlighted a pickup in demand for residential real estate in recent weeksCommercial real estate activity was weak, particularly for office space Loan demand was stable to downThe outlook for future economic growth remained generally positiveFull textThere are no big surprises at first blush. Here is the commentary on prices:Price pressures persist
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