Tariffs are pushing prices higher and consumers are feeling the hit, Fed's Beige Book shows
2025-10-16 09:21:42 source：CNBC
October 15, 2025
President Donald Trump's tariffs are pushing inflation generally higher as companies are caught between absorbing the costs or passing them onto customers, according to a Federal Reserve report Wednesday.
The central bank's periodic Beige Book report, published eight times a year generally at about six-week intervals, categorized overall economic growth as having "changed little" since the last report on Sept. 3. Labor markets "were largely stable" as demand was "muted" for most of the Fed's 12 districts.
When it came to prices, though, Trump's duties implemented in April and then staggered through ensuing months showed an impact.
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