Taylor Swift has such a notable impact on local economies that she’s mentioned as a specific factor in a Wednesday report by the Fed. The Eras Tour, the singer’s first global tour in five years, has taken the world by storm and has proven to be both an economic and cultural phenomenon.
The Fed’s latest Beige Book—a summary and analysis of recent economic conditions—mentions that Swift’s concerts supercharged Philadelphia’s tourism revenue despite a lull in the industry overall.
