Federal Reserve Beige Book: Domestic consumer demand has remained largely unchanged, with many continuing to expect that rising uncertainty will weigh on economic activity

Federal Reserve Economic Report Beige Book: Since the last report, overall changes in U.S. economic activity have been minimal, with three regions reporting slight to moderate growth in economic activity, five regions reporting no change in economic activity, and four regions reporting a slight slowdown in economic activity.

Overall consumer spending, particularly retail goods spending, has seen a slight decline in recent weeks; however, strong demand for electric vehicles boosted auto sales in some regions before the expiration of federal tax credits at the end of September.

During the period described in this report, demand from international tourists for leisure and hotel services further declined, while domestic consumer demand remained largely unchanged.

Nevertheless, it has been reported that high-income individuals continue to spend strongly on luxury travel and accommodations