The Federal Reserve's latest Beige Book reports that overall economic activity remains largely stable, though some districts noted slight softening. Consumer spending continues to decline, despite resilience in high-end retail sectors. Employment has edged down, with some businesses reducing hiring needs in certain roles due to advancements in AI technology. Wages have seen modest increases, while prices have risen slightly. Manufacturers and retailers are experiencing cost pressures related to tariffs, impacting their operations. The report provides a snapshot of the current economic landscape, highlighting both challenges and areas of stability.