美联储“褐皮书”：9 月初至 10 月中旬美国物价继续上涨

Core Insights - The October "Beige Book" indicates that U.S. prices continue to rise due to the impact of increased tariffs, affecting all Federal Reserve districts [1][2] - The report highlights that rising import and service costs have accelerated input cost growth, leading some manufacturing and retail companies to pass these costs onto customers [1][2] - Many Federal Reserve districts anticipate that increasing uncertainty will dampen economic activity, with the risk of a prolonged government shutdown posing a downside risk to growth [1][2] - The labor market shows generally weak demand across various regions and industries [1][2] Summary by Categories Price Trends - Prices in the U.S. have been rising from early September to mid-October, influenced by tariff increases [1][2] - Input costs are increasing due to higher import and service costs, prompting some companies to transfer these costs to consumers [1][2] Economic Activity - There is a growing concern that heightened uncertainty will negatively impact economic activity [1][2] - A potential long-term government shutdown is identified as a significant downside risk to economic growth [1][2] Labor Market - Labor demand is reported to be generally low across different regions and sectors [1][2]