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U.S. economic growth was modest in early 2026, with most Fed districts seeing slight expansion, stable employment, and steady price increases.
Economic activity in most U.S. Federal Reserve districts showed slight to modest growth in early 2026, according to the January 14 Beige Book, with eight districts reporting expansion, three seeing no change, and one declining.
Employment trends varied, with some regions seeing gains, others slight drops, and many reporting flat levels.
Wage growth eased from peak levels but remained a concern, while prices rose modestly.
The reports, based on anecdotal business contacts, reflect a broadly stable but tepid national economy, providing input for upcoming Federal Reserve policy decisions.
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El crecimiento económico de los Estados Unidos fue modesto a principios de 2026, y la mayoría de los distritos de la Fed experimentaron una ligera expansión, un empleo estable y aumentos constantes de precios.