Economy
December 10, 2018
Fed's Beige Book Shows Widespread Concern Over Tariffs
Written by Tim Triplett
Most Federal Reserve districts saw their economies expand at a modest to moderate pace in October and November, but tariffs remain a common concern among manufacturers, who report widespread escalation in the cost of inputs, such as steel. So far, selling prices have risen with less intensity than input costs, they say, suggesting that price pressures are likely to persist in 2019.
The Federal Reserve’s Beige Book offers a snapshot of economic conditions in each of the Fed’s 12 districts across the country eight times per year. Following are edited excerpts on manufacturing from the latest Beige Book, published Dec. 5.
