• FED: Manufacturers in every corner of America are worried about Trump's tariffs

    28 days ago - By Business Insider

    Manufacturers in all the Federal Reserve's 12 districts are concerned about tariffs.
    The Fed's Beige Book, with anecdotes from businesses across the country, showed companies that rely on steel and aluminum for production are grappling with higher costs.
    On Tuesday, Fed Chairman Jerome Powell said in Senate testimony that a long trade war would be bad for the US economy and others.
    The manufacturers most affected by US tariffs on imported goods are worried about their future, according to the Federal Reserve.
    The Fed's Beige Book , which compiles anecdotes on business activity from across...
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  • Fed's Beige Book: Economic Growth "moderate or modest", "concern about tariffs", "Shrinking Margins"

    Fed's Beige Book: Economic Growth "moderate or modest", "concern about tariffs", "Shrinking Margins"

    28 days ago - By Calculated Risk

    Concern about tariffs. Shrinking margins. Slow growth in existing home sales.
    Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Boston based on information collected on or before July 9, 2018. "
    Economic activity continued to expand across the United States, with 10 of the 12 Federal Reserve Districts reporting moderate or modest growth. The outliers were the Dallas District, which reported strong growth driven in part by the energy sector, and the St. Louis District where growth was described as slight. Manufacturers in all Districts expressed concern about tariffs...
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