US Economic Activity Up but Outlook Pessimistic, Fed Says
.jpg)
U.S. economic activity increased slightly in recent weeks, but the outlook was neutral to slightly pessimistic, the Federal Reserve said on Wednesday, as businesses reported the Trump administration's higher tariffs were putting upward pressure on prices.
"Contacts in a wide range of industries expected cost pressures to remain elevated in the coming months, increasing the likelihood that consumer prices will start to rise more rapidly by late summer," according to the Fed's "Beige Book" report, which was based on surveys, interviews and observations collected from the commercial and community contacts of...
To Read Full Story Login Below.