Economy
April 18, 2018
Fed’s Beige Book Documents Widespread Concern About Metals Prices
Written by Tim Triplett
Economic activity continued to expand at a modest to moderate pace across the 12 Federal Reserve Districts in March and early April. Outlooks remained positive, but contacts in various sectors including manufacturing, agriculture and transportation expressed concern about the newly imposed or proposed tariffs on steel and aluminum.
The Fed’s latest Beige Book released on Wednesday includes more than 20 references to steel or aluminum prices and their effects on the economy in different parts of the country.
