The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases, though firms are concerned about any extended shutdown, according to a Federal Reserve report. “Businesses we talked to said they can manage a short-term disruption but if the effort to reopen the channel takes longer, they then expressed greater concerns about lead times and increased costs,” the Richmond Fed, which includes Baltimore, reported in the central bank’s most recent Beige Book. Since the March 26 destruction of the Key Bridge that spanned Baltimore ... (full story)