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Analysts: Fed Beige Book reinforces rate cut expectations
2025-10-16 07:00

Odaily Planet Daily News: The Federal Reserve's Beige Book reinforced expectations of further interest rate cuts, and the US 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 the signals about tariff transmission were mixed, with some companies reporting that sales prices remained unchanged, while others reported higher import costs. Overall, the Beige Book "reinforced the view that the economic outlook has changed little since the Fed's September meeting." They said this means the Fed may cut interest rates by 25 basis points later this month and may cut interest rates further in December. (Jinshi)