US Edition
Fed's Beige Book: Economic Activity Increased Slightly From Late May Through Early July
UNITED STATES, JUL 16 – Federal Reserve reports modest wage and price growth with cautious hiring as tariff-driven input costs pressuring manufacturers and construction firms, while consumer spending remains uneven.
- Across all 12 Federal Reserve districts, the July Beige Book showed economic activity increased slightly from late May through early July, with seven districts reporting moderate price growth and five reporting modest increases.
- Contacts said tariffs caused input cost pressures, especially in manufacturing and construction, while business contacts reported elevated costs and ongoing uncertainty.
- The report noted contacts in a wide range of industries expected cost pressures to remain elevated in the coming months, increasing the likelihood that consumer prices will start to rise more rapidly by late summer, wrote the Federal Reserve System.
- Wages grew modestly, while employment increased slightly overall, causing cautious hiring due to ongoing economic and policy uncertainty.
- Contacts foresee stable and cautiously optimistic conditions, with most businesses expecting elevated cost pressures to persist into late summer.
14 Articles
14 Articles
The Fed's Beige Book: Outlook pessimistic as US economy battles tariff costs, uncertainty
Economic activity in the US picked up in recent weeks, but the outlook was "neutral to slightly pessimistic" as businesses reported that higher import tariffs were putting upward pressure on prices, according to the Fed's Beige Book released on Wednesday.
Business Insider
BizTocSome businesses have held off on hiking prices, but this might not last for long
The Federal Reserve's Beige Book warns of price hikes as tariffs become entrenched.Jeenah Moon/REUTERSConsumer prices have not risen as much as expected, but this may change soon.The Federal Reserve's Beige Book warns of price hikes as tariffs become entrenched.Businesses are reporting rising costs overall, with some sacrificing profit margins for tariffs.Prices have not gone up as much as expected for consumers, but this might not last for long…
Washington. The U.S. economy remains strong but economic agents are particularly concerned about tariffs, whose impact on prices is beginning to be felt, according to the Federal Reserve’s “Beige Book,” published on Wednesday. This periodic survey by the U.S. central bank in the form of consultation with economic agents and experts shows that “economic activity has progressed slightly between the end of May and the beginning of July,” in a conte…
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