Beige Book Paints Uninspiring View ’26 (Jan. ’26)

The latest Beige Book presented an uninspiring view of the economy in late ‘25/early ’26. Of relevance to P/C insurers: Constuction – outside of data centers – described as ‘flat-to-declining’, higher class office real estate OK, but retail/consumer facing less so, and logistics & manufacturing experiencing mixed activity. These sectors purchase over $200 Bil. of commercial premiums! More in our Jan. Briefing. Ask for it as part of a trial.