Fed Beige Book (Sept 3) is out — and it’s not rate-cut friendly.
Fed Beige Book (Sept 3) is out — and it’s not rate-cut friendly.
- Jobs steady
- Prices rising
- Tariff uncertainty growing
- Businesses passing costs to consumers
This isn’t a “cut rates soon” signal — it’s a “tariffs need direction” signal.
You can read the Fed Beige book here:
https://www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htm
Thoughts?
