Reported 2 days ago
Federal Reserve Bank of Atlanta President Raphael Bostic highlighted that U.S. consumers are currently 'tapped out' regarding their capacity to absorb further price hikes due to rising inflation. In discussions about business strategies and tariffs under President Trump, Bostic noted that businesses are hesitant to increase final prices as they risk alienating already strained customers. He also emphasized the importance of the Fed's monetary policy in relation to these economic challenges.
Source: YAHOO