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Rates Spark: A Beige Book that smells a tariff stutter
The latest Fed's Beige Book painted quite a bleak picture. If you are a coffee drinker, here's a snippet from the New York survey "A coffee roaster reported that tariffs on Brazilian coffee and on other supplies were creating shockwaves through the supply chain." Essentially the report was littered with tariff warnings on prices. Even second-round effects, as from the Richmond survey we had, for example, "A printer manufacturer that doesn’t import products experienced increased costs ranging from 5% to 15% from suppliers who were subject to tariffs." There was also mention of strains on household budgets, ... (full story)
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- Sep 3, 2025 5:45pm Posted byFundamental Analysis34,985
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