The highly anticipated Beige Book Report on the Fed's economic outlook has been released. The report includes views from 12 regional Fed branches across the country, revealing that economic activity has declined slightly since the last report.
The report states that economic outlook has deteriorated in some regions, while improvements have been observed in others. He noted that there was no significant change in employment and that price increases would continue at a moderate pace.
Some regions reported increased costs being strong, significantly or significant. In all regions, we noted that increasing tariffs puts upward pressure on costs and prices. They also said these costs will be passed on to consumers within the next three months.
This report was prepared by the Federal Reserve Bank of St. Louis.
*This is not investment advice.
