Officials at the Federal Reserve have looked over the US economy. Some were expecting trouble in the banking sector might spread, but that is not what they found.

The Fed on Wednesday released a sampling of views from businesses across the country. The report known as the Beige Book, which is produced eight times a year, suggests economic activity was "little changed" from the previous version.

Many Americans feared the collapse last month of two regional banks would weigh on other firms and cause turmoil. Businesses and consumers struggled with tighter restrictions on lending, but policymakers say expectations for growth are "mostly unchanged."

Consumer spending accounts for two-thirds of the economy but also did not change much. Americans are still finding lots of available jobs, and they can still earn wages described as "elevated."

The report comes two weeks before policymakers at the Fed gather to decide what to do next. They have seen several gauges of inflation indicate that price rises are slowing down. Still, many analysts expect them to raise interest rates again, despite pressures to bring the hikes to an end.