美联储褐皮书揭示关税冲击：全美物价普涨消费与就业承压

Group 1: Economic Overview - The Federal Reserve's Beige Book reveals widespread price increases across all Federal Reserve districts due to tariffs, indicating a complex impact on the U.S. economy [1][2] - The rising costs are particularly pronounced in industries with high import dependence, affecting daily living expenses for consumers [2] Group 2: Consumer and Employment Impact - Continuous price increases have led to a decline in real purchasing power for many households, particularly affecting low-income groups [3][4] - Consumer spending is stagnating or declining, which negatively impacts economic growth and leads to reduced hiring and potential layoffs in businesses [3][4] Group 3: Policy Dilemma - The U.S. government has imposed high tariffs, with the trade-weighted average tariff rate reaching 20.11%, significantly up from 2.44% at the beginning of the year [5][6] - The Federal Reserve faces a challenging decision between tightening monetary policy to combat inflation or loosening it to stimulate economic growth, with market expectations leaning towards a potential rate cut [6][7]