Manufacturers across the U.S. expressed concern about tariffs, with many reporting higher prices and supply-chain disruptions in the wake of new trade policies, according to the Federal Reserve’s beige book report.
Economic activity expanded at a moderate pace across most of the U.S. this spring, driven in part by a pickup in manufacturing activity despite trade tensions, according to a Federal Reserve report released Wednesday.
Gold settles higher as a recovering euro dents the dollar index, then prices move slightly lower in electronic trading shortly after the release of the U.S. Federal Reserve’s Beige Book, a snapshot of domestic economic activity.
The U.S. dollar edges slightly higher against its main rivals on Wednesday as the British pound falls from a new post-Brexit high on disappointing inflation data, and the Canadian dollar slips as the Bank of Canada left rates unchanged.
Oops! Unable to complete your request. Please refresh your browser.
The Beige Book reports on current economic conditions and is published by the Federal Reserve Board eight times each year. The report is released two Wednesdays before each FOMC meeting at 2.15pm EST.