The Fed's Beige book for April has been released:Below are the highlights of the overall economic activity report:Economic Expansion: Activity expanded slightly overall since late February, with 10 out of 12 Districts reporting slight to modest growth.Consumer Spending: There was a minimal overall increase in consumer spending, though the results were mixed across different districts and categories.Discretionary Spending Weakness: Several reports highlighted a weakness in discretionary spending due to high price sensitivity among consumers.Auto Spending: Improved inventories and dealer incentives notably boosted auto spending in some Districts, while sales remained sluggish elsewhere.Tourism
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