The Federal Reserve’s latest Beige Book report indicates that US inflation pressures have intensified as a result of President Donald Trump’s tariffs, which have forced businesses to either absorb higher costs or pass them on to consumers. The report, released Wednesday, offers one of the most detailed snapshots of the nation’s economic landscape in recent weeks and highlights the growing challenges posed by the ongoing trade war with China and a prolonged government shutdown.Tariffs driving price pressures According to the Fed, “prices rose further during the reporting period,” with...
Friday 17 October 2025
wn.com - 2 days ago
Trump’s tariffs add to inflation pressures, Fed says in Beige Book report
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