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Benzinga
Benzinga
Business
Rishabh Mishra

Trump Tariffs To Wreak Havoc For 'Inflation-Fearing Consumers,' Shows Fed's Beige Book, But Analyst Notes Recession Risks Appear 'Well Contained'

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The Federal Reserve's latest Beige Book report reveals that tariffs implemented by the Donald Trump administration are translating into higher costs for businesses, with the financial burden increasingly being passed on to consumers.

However, the report details an economy that “changed little on balance,” with one analyst highlighting that the broader risks of a recession remain low.

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