US EditionUS Fed warns 'economic uncertainty' weighing on consumers
The Federal Reserve's Beige Book reports tariffs and rising input costs are causing lower-income consumers to reduce spending amid economic uncertainty.
- On Wednesday, the US Federal Reserve warned increased economic uncertainty was weighing on consumer sentiment and demand.
- The report states that since last year, the administration imposed a 10‑percent global duty after the Supreme Court struck down country‑specific tariffs, with the Treasury secretary saying a 15 percent increase could be implemented this week.
- Businesses reported rising costs from tariffs and nonlabor input costs, with some passing increases to customers while others held prices steady, the Fed said Wednesday.
- Unemployment at 4.3 percent and inflation at 2.9 percent support expectations the Fed will hold rates, as economists and investors expect in recent months.
- The Beige Book said districts expect slight to moderate growth in the coming months, based on data collected through February 23 and not capturing recent developments.
19 Articles
19 Articles
Watauga Democrat
US Fed warns 'economic uncertainty' weighing on consumers
The US Federal Reserve warned Wednesday that increased economic uncertainty was impacting consumer sentiment, as President Donald Trump's administration presses on with an aggressive tariffs agenda despite recent setbacks.
Economic uncertainty due to Trump's tariffs is affecting consumer confidence, the Fed writes in its "Beige Book".
The Federal Reserve (Fed) warned yesterday that the increase in economic uncertainty was affecting consumer confidence, while the administration of the President of the United States (EU), Donald Trump, continues with an aggressive tariff agenda despite recent setbacks. In its Beige Book report on the economic situation, the US central bank noted that, although consumer spending increased slightly, many Fed districts “observed that sales were sl…
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