【环球财经】美联储“褐皮书”：美国物价普遍上涨 与加征关税相关

Core Insights - The Federal Reserve's Beige Book report indicates that price increases related to tariffs have been observed across all Federal Reserve districts from mid-July to the end of August [1] - The average trade-weighted tariff rate imposed by the U.S. on all products has significantly increased to 20.11% as of August 7, compared to 2.44% at the beginning of the year [2] Group 1: Economic Impact - The report highlights that many Federal Reserve districts reported noticeable impacts of tariffs on input prices, with increases in insurance, utilities, and technology service prices [1] - Companies have been passing on the increased costs to customers, and there are widespread expectations among businesses for continued price increases in the coming months [1] Group 2: Consumer Spending and Labor Market - Due to rising economic uncertainty and increased tariff rates, wage growth for many households has not kept pace with rising prices, leading to stagnant or declining consumer spending across all Federal Reserve districts [1] - The overall employment level has remained largely unchanged in 11 Federal Reserve districts, with one district experiencing a slight decline in employment levels [1]