Tariffs are pushing prices higher and consumers are feeling the hit, Fed's Beige Book shows

1. Trump's tariffs are raising inflation pressures across the U.S. economy. 2. Consumer spending has decreased, especially among lower-income groups. 3. Trade tensions with China are escalating, threatening further tariffs. 4. The Beige Book indicates stability in labor markets amid muted demand. 5. CPI report on October 24 is critical for inflation insights.