Headline: Fed Beige Book: Economic Activity Holds Steady, Employment Sees Moderate Uptick

The Federal Reserve, in its October Beige Book report, stated that U.S. economic activity showed very little change over the past month, employment experienced slight growth, and inflation remained moderate. The report noted that "housing market activities continued overall: inventory continued to expand in much of the country, and home values remained largely stable or rose slightly. However, uncertainty about mortgage rates kept some buyers on the sidelines." The Fed indicated that more than half of its 12 districts reported some job growth, and rents remained stable or slightly decreased according to the report. The economy, particularly inflation, remained a significant topic among voters ahead of the U.S. presidential election on November 5. The Fed's survey of business representatives across its 12 regional banks up until October 11 stated that "overall, economic activity changed very little in nearly all Districts since the beginning of September, although two Districts reported modest growth. Despite increased uncertainty, individuals were somewhat more optimistic about the long-term outlook."