Tariffs are pushing prices higher and consumers are feeling the hit, Fed’s Beige Book shows

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,…

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