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Indicator Spotlight

Beige Book Points to Slowing Growth, Muted Labor Demand Amid Data Blackout

by Felix-Antoine Vezina-Poirier, Chief Strategist  

The October Fed Beige Book points to slowing growth as uncertainty continues to weigh on activity. Fed contacts reported consumer spending recently decreased, though auto sales were supported by EV purchases ahead of the expiration of tax credits. Lower- and…

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