AI is leading some businesses to pump the brakes on hiring plans, according to the Federal Reserve's Beige Book.
When times are uncertain, businesses often turn to temp workers to test the waters before hiring full-time employees.
Many Fed districts also reported growing signs of financial strain among consumers, along with increased price sensitivity ...
Housing weakened nationwide, becoming a key drag on the economy, the Fed’s Beige Book found. Home sales, construction and mortgage lending slowed under high rates and affordability strains. Overall ...
Regional banks in the Federal Reserve system study their local economies and publish those stories in a report called the Beige Book. The Kansas City Fed's has fallout from Trump administration cuts ...
Economic activity in the Twelfth District was somewhat subdued but largely stable during the mid-February through March ...
The U.S. economy appeared to improve slightly in recent weeks, with more districts reporting growth in the Federal Reserve's ...