🇺🇸 According to the latest Beige Book report from the Fed, the U.S. economy has slightly weakened over the past six weeks, primarily due to slower hiring and both businesses and consumers becoming more cautious due to concerns about rising prices from tariffs.

The report states:

– All 12 Fed districts reported a high level of economic and policy uncertainty, causing business and consumer decisions to become more cautious.

– Labor demand has decreased, working hours and overtime have been cut, with some places halting hiring or planning layoffs.

– Some sectors have experienced layoffs, but it has not yet spread nationwide.

– Inflation is rising at a moderate pace, but many businesses anticipate that prices will increase more rapidly in the near future, particularly due to the impact of increased import taxes.

– Some businesses may reduce profit margins to keep prices steady, while others will impose temporary fees or surcharges in the next three months to offset costs.