The Federal Reserve's Beige Book Shows Economic Activity Slowing and Labor Demand Weakening
【The Federal Reserve's Beige Book Shows Economic Activity Slowing and Labor Demand Weakening】According to a report on June 5 by Caixin, the Federal Reserve noted in its latest Beige Book that economic activity in the United States has slightly declined in recent weeks, indicating that tariff policies and ongoing uncertainties are having a broad impact on the economy. The report stated, 'All regions reported an increase in economic and policy uncertainty, with businesses and households showing hesitation and caution in financial decisions.' The report noted that U.S. prices are rising 'moderately' and that 'a wide range of respondents expect costs and prices to rise at a faster pace in the future,' with some regions even anticipating price increases to be 'strong, significant, or substantial.' The report pointed out that companies planning to pass on tariff costs to consumers are expected to take action within three months.
