Central Banks

Trade Worries Dominate Fed’s Beige Book, Activity Little Changed

Fed Beige Book Shows Economic Activity Little Changed

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By Amara Omeokwe

April 23, 2025 at 6:11 PM UTC

Updated on

April 23, 2025 at 6:52 PM UTC

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Uncertainty over President Donald Trump’s heightened use of tariffs on US trading partners loomed large across the country in recent weeks, according to the Federal Reserve’s Beige Book survey of regional contacts.