Tariff-induced price hikes, trade worries highlighted in Fed's Beige Book
1. Businesses report rising costs due to tariffs, passing them to consumers. 2. Most manufacturers expect complete passthrough of increased costs without delays. 3. Consumer demand is high in auto sales before tariffs, but not sustainable. 4. Homebuilders report increased construction costs and uncertain demand due to tariffs. 5. Shipping industry faces declining exports and high costs from new tariffs.