Concerns about potential tariffs under the incoming Donald Trump administration are raising worries about inflation and the economy, according to the Federal Reserve's Beige Book released Wednesday. The report highlighted anecdotal evidence suggesting businesses anticipate continued price increases in 2025, with some pointing to potential tariffs as a contributing factor. Additionally, several Districts reported concerns about potential negative economic impacts from changes in immigration and tariff policies. Despite these concerns, the overall economic outlook remains more optimistic than pessimistic, though uncertainty surrounding labor demand is growing.
Investing.com -- The potential for higher tariffs from the incoming Donald Trump administration has stoked concerns about economy and inflation at time when price pressures are expected to persists this year, according to the Fed eral Reserve's Biege Book released Wednesday.
Contacts in several Districts, meanwhile, expressed concerns that changes"in immigration and tariff policy could negatively affect the economy.," the report showed. The outlook on the economy, however, remains more optimistic than pessimistic, despite growing signs of uncertainty on labor demand. "Contacts in some Districts expressed greater uncertainty about their future staffing needs," it added.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
FED TARIFFS ECONOMY INFLATION TRUMP
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