Summary
- The Fed's Beige Book reported that US economic activity has slightly increased since mid-January.
- Most regions experienced slight price increases, and noted the possibility of additional price increases due to tariffs.
- Some businesses have reportedly preemptively raised prices in response to tariffs.
On the 5th (local time), the Federal Reserve (Fed) reported through the Beige Book, which details economic conditions across its 12 districts, that overall economic activity had slightly increased since mid-January.
The report explained that more optimistic expectations for economic activity have formed for the coming months.
Furthermore, it reported that prices rose slightly in most regions, with some regions experiencing accelerated price increases compared to the previous reporting period. Most regional representatives anticipated additional price increases due to tariff measures.
According to some individual reports, some businesses have preemptively raised prices in response to tariffs.
Meanwhile, many regions pointed out that rising prices of eggs and other food ingredients are affecting food processors and restaurants.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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