美联储“褐皮书”：107次提到“关税”，89次出现“不确定”，多地区前景“显著恶化”

Group 1 - The latest Federal Reserve's Beige Book indicates a significant deterioration in economic outlook across several regions due to increasing uncertainty, particularly regarding tariffs [1] - The report mentions tariffs over 100 times, highlighting the pervasive concern over international trade policy uncertainty across all 12 Federal Reserve districts [1] - Businesses are experiencing rising input costs due to tariffs, with many planning to pass these costs onto consumers [1][2] Group 2 - Employment levels in the U.S. remain stable or slightly increased, but there is a noted decline in government jobs, reflecting cost-cutting measures by the Trump administration [2] - Consumer behavior shows a rush to purchase vehicles and non-durable goods before anticipated price increases due to tariffs, while overall non-automotive consumption has declined [2] - Manufacturing activity is mixed, with two-thirds of regions reporting little change or a decline, while the energy sector shows slight growth [2]