U.S. economic activity was little changed in recent weeks and employment levels held largely stable, according to the latest Beige Book report from the Federal Reserve.
The central bank's Beige Book compilation of anecdotes from businesses across the Fed's 12 member districts in the weeks leading up to October 6, suggested that labor markets "were largely stable" amid "muted" demand.
The Beige Book added, however, that prices rose further, with "tariff-induced input cost increases" reported across many districts.
Published two weeks ahead of each Fed interest-rate-setting meeting, the report aims to help central bankers assess the nation's health with more timely and often more colorful insights than are available in the official statistics. Read more.