Federal Reserve Beige Book: Economic activity has grown moderately since early July

```htmlFederal Reserve Beige Book: Since early July, economic activity has grown moderately. Ten out of twelve Federal Reserve districts reported slight to moderate growth; two districts reported no change in economic activity. Overall, consumer spending increased slightly; reports indicate that consumers have become more price-sensitive, while high-end consumption remains robust. Automobile sales are generally sluggish, weighed down by weak consumer confidence, high fuel prices, and rising financing costs. Tourism activity has increased. Notably, despite rising airfares, airlines continued to report strong demand. Manufacturing activity rebounded in most regions, with some districts specifically highlighting sustained demand for orders related to defense and data centers. Service sector firms reported slight to moderate growth in activity.```