
Tariffs are pushing prices higher and consumers are feeling the hit, Fed’s Beige Book shows
Shoppers in Walnut Creek, California, US, on Tuesday, Oct. 7, 2025. David Paul Morris | Bloomberg | Getty Images President Donald Trump’s tariffs are pushing inflation generally higher as companies are caught between absorbing the costs or passing them onto customers, according to a Federal Reserve report Wednesday. The central bank’s periodic Beige Book report,…