November 27, 2025
United States:
Fed’s Beige Book Shows K-Shaped Split Deepens Among Consumers
US economic activity was little changed in recent weeks, though overall consumer spending declined further except among higher-end shoppers, the Federal Reserve said.
Employment declined slightly and prices rose moderately, according to the US central bank’s Beige Book survey of regional business contacts released Wednesday.
Europe:
ECB Officials Saw Rate Level as Robust Enough to Manage Shocks
European Central Bank officials saw the existing level of borrowing costs as sufficient to deal with possible jolts to the economic outlook, according to an account of their October meeting.
Among developments that could shift the baseline scenario for the euro zone were dangers to inflation in both directions, the summary published Thursday showed.
Asia:
China Industrial Profits Resume Decline as Growth Woes Mount
China’s industrial enterprises saw their earnings drop for the first time in three months, adding to evidence that the world’s second-largest economy is losing steam.
Industrial profits fell 5.5% last month from a year earlier, according to data released Thursday by the National Bureau of Statistics, after increases of more than 20% in each of the previous two months.
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