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美联储:2025美国经济形势调查报告(褐皮书):加征关税影响下的物价上涨(10月版)(英文版)(56页).pdf

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1、The Beige BookSummary of Commentary onCurrent Economic Conditions byFederal Reserve DistrictOctober 2025F E D E R A L R E S E R V E S Y S T E MContentsAbout This Publication.iiNational Summary.1Federal Reserve Bank of Boston.5Federal Reserve Bank of New York.9Federal Reserve Bank of Philadelphia.13F

2、ederal Reserve Bank of Cleveland.17Federal Reserve Bank of Richmond.21Federal Reserve Bank of Atlanta.24Federal Reserve Bank of Chicago.28Federal Reserve Bank of St.Louis.32Federal Reserve Bank of Minneapolis.36Federal Reserve Bank of Kansas City.40Federal Reserve Bank of Dallas.44Federal Reserve Ba

3、nk of San Francisco.48iAbout This PublicationWhat is the Beige Book?The Beige Book is a Federal Reserve System publication about current economic conditionsacross the 12 Federal Reserve Districts.It characterizes regional economic conditions and pros-pects based on a variety of mostly qualitative in

4、formation,gathered directly from each Districtssources.Reports are published eight times per year.What is the purpose of the Beige Book?The Beige Book is intended to characterize the change in economic conditions since the lastreport.Outreach for the Beige Book is one of many ways the Federal Reserv

5、e System engageswith businesses and other organizations about economic developments in their communities.Because this information is collected from a wide range of contacts through a variety of formaland informal methods,the Beige Book can complement other forms of regional information gath-ering.Th

6、e Beige Book is not a commentary on the views of Federal Reserve officials.How is the information collected?Each Federal Reserve Bank gathers information on current economic conditions in its Districtthrough reports from Bank and Branch directors,plus interviews and online questionnaires com-pleted

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根据《Beige Book》报告,美国经济活动整体变化不大,部分地区出现轻微增长,部分地区保持稳定,部分地区略有放缓。主要关键点如下: 1. 消费者支出总体下降,尤其是零售商品,但电动汽车需求因联邦税收抵免到期前增加而提振。 2. 制造业活动因高关税和整体需求下降而面临挑战。 3. 就业水平基本稳定,劳动力需求普遍低迷。 4. 价格继续上涨,部分地区的输入成本增长加快。 5. 部分地区经济前景乐观,但许多地区仍面临不确定性。
Beige Book揭示哪些趋势?" 区域经济活动如何变化?" Beige Book预测经济走向!"
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