Several Districts report that the higher costs of insurance, health care, and technology are increasing the cost of goods.

Beige Book October 2025_Expanders

Prices continue to rise. Several Districts report that the higher costs of insurance, health care, and technology are increasing the cost of goods. Some firms kept their selling prices unchanged to preserve market share, while others passed the full cost increases to their customers.

Future growth is region and sector dependent. Districts reported economic activity:

  • 25% growth
  • 42% flat
  • 33% declines
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