Federal Reserve's Beige Book Highlights Economic Stagnation Amid Rising Prices

According to Odaily, the Federal Reserve's Beige Book indicates that economic activity and employment across most regions in the United States have shown little change since March. The report highlights the early impacts of U.S. President Donald Trump's comprehensive tariffs aimed at reshaping global trade. It notes that uncertainty surrounding international trade policies is prevalent throughout the report. As economic uncertainty, particularly regarding tariffs, increases, several regions have experienced a significant deterioration in their outlook.