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HOT DEVELOPMENT: Fed's Highly Anticipated Beige Book Document Released! Here are the details
The eagerly awaited Beige Book report on the FED's economic outlook has been published. The report, which includes the views of the 12 regional Fed branches across the country, revealed that economic activity has slightly declined since the last report.
According to the report, the economic outlook has deteriorated in some regions, while improvement has been observed in others. While it was stated that there was no significant change in employment, it was noted that price increases continued at a moderate pace.
Several zones reported that cost increases are strong, significant, or noteworthy. All zones emphasized that rising customs tariffs are creating upward pressure on costs and prices. It was also stated that these costs are planned to be passed on to consumers within the next three months.
This report was prepared by the St. Louis Federal Reserve Bank.
*It is not investment advice.
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