Analysts: Fed Beige Book Reinforces Rate Cut Expectations

ChainThink news, October 16, the Federal Reserve's Beige Book reinforced expectations of further rate cuts, and the dollar fell. The report showed that economic growth slowed, labor market conditions remained weak, and input prices rose. Evercore ISI analysts said in a report that signals regarding tariff pass-through were mixed, with some companies reporting that selling prices remained unchanged, while others reported rising import costs. Overall, the Beige Book "reinforced the view that the outlook for the economy has changed little since the September Federal Reserve meeting." They said this means the Federal Reserve may cut rates by 25 basis points later this month and could cut again in December. (Jinshi)