Beige Book Signals Little Change in US Activity as Spending Slows; Fed Policymakers Split on December Rate Move

COINOTAG News reports the latest Beige Book from the Federal Reserve, noting that U.S. economic activity has shown little momentum in recent weeks, with consumer spending softer outside high‑income cohorts. The macro backdrop remains cautious, shaping the risk environment for digital assets and overall market liquidity.

Divergence among policymakers on whether the policy rate should stay unchanged or be cut at the December meeting sustains policy uncertainty. For crypto markets, such deliberations can recalibrate risk appetite and liquidity, as investors price the trajectory of rates into asset valuations.

The report offers a balanced framework for the current policy debate rather than a directional forecast. In the macro backdrop for digital assets, traders will monitor rate paths and USD dynamics, recognizing that policy cues often influence correlations with traditional risk assets.