Fed Beige Book: "some banks noted a slight uptick in consumer delinquencies." "The economic outlook for the next six to twelve months diminished over the reporting period."
Overall Economic Activity:
On balance, economic activity slowed since the previous report, with four Districts reporting modest growth, two indicating conditions were flat to slightly down, and six noting slight declines in activity. Retail sales, including autos, remained mixed; sales of discretionary items and durable goods, like furniture and appliances,
