Commonly known as the Beige book, this report is published eight times a year. Each bank of the Federal Reserve collects anecdotal information about the current economic conditions, most of which focuses on the general vision of the economy, inflation and employment.
Beige Book: Economic activity remains largely unchanged; Salary growth slows down and inflationary pressures persist in the midst of tariff cost increases
The Book Beige of April of the Fed revealed little change in economic activity, and concerns about tariffs worsened perspectives in several regions. Consumer expense remains mixed, while the labor market has shown signs of cooling after stagnating or decreasing in many Fed districts.
Salary growth slowed down in some areas, despite the improvement in labor availability. Regarding inflation, supplies costs increased due to tariffs, with companies moving costs to pressure on margins.
The Beige book added that companies are preparing for more uncertainty, mainly due to tariff impacts and the lowest demand for services.
Source: Fx Street
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