Mumbai, Oct. 16 -- Economic activity in the U.S. has shown little change since early September, according to the Federal Reserve's Beige Book.
The Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, was released Wednesday afternoon.
The Fed said three districts reported slight to modest growth in activity, five reported no change, and four noted a slight softening.
The report said overall consumer spending has edged down in recent weeks, although auto sales were boosted in some districts by strong demand for electric vehicles ahead of the expiration of a federal tax credit at the end of September.
On the inflation front, the Beige Book said prices rose further during the reporting ...