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Beige Book’s Juicy Goss

“Keep your face to the sunshine and you cannot see the shadows.” - Helen Keller

Chart of the Day

Good morning!

Consumers pared spending on everything from travel to dining out but rapidly bought up vehicles ahead of auto-specific tariffs going into effect. (Possibly.)

That’s according to the Federal Reserve’s Beige Book, where five of the Fed’s 12 regional banks reported slight growth in economic activity in their districts. Meanwhile, three noted relatively unchanged activity and the ...

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