Reported about 16 hours ago
Businesses across various sectors have signaled to the Federal Reserve that they might raise prices due to the tariffs implemented by President Trump, even if consumers are reluctant to pay more. The Fed's Beige Book reported difficulties in passing on higher input costs to customers, with many companies anticipating price hikes as a result of these tariffs. As the Fed prepares to meet soon, the economic implications of these tariffs and potential inflation are at the forefront of discussions, amid concerns of slow growth and fragile trade relations.
Source: YAHOO