Federal Reserve Beige Book: Tariffs are putting upward pressure on costs and prices

BlockBeats News, June 5th, the Federal Reserve Beige Book stated that prices have been rising at a moderate pace since the last report. There are widespread reports that respondents expect future costs and prices to rise at a faster pace. A few regions have described these expected cost increases as strong. Reports from all regions have noted that higher tariff rates are putting upward pressure on costs and prices.

However, respondents have varied responses to these higher costs, including raising prices on affected goods, raising prices on all goods, reducing profit margins, and imposing temporary fees or surcharges. Respondents planning to pass on tariff-related costs expect to take action within three months. (Jin10)