Analyst: The Federal Reserve's Beige Book reinforces rate cut expectations, dollar declines

ChainCatcher news, according to Jinshi reports, the Federal Reserve's Beige Book has reinforced expectations for further interest rate cuts, leading to a decline in the dollar. The report indicates that economic growth is slowing, the labor market remains weak, and input prices are rising. Evercore ISI analysts point out that the signals regarding tariff transmission are mixed; some companies report that sales prices remain unchanged, while others report rising import costs. Overall, the Beige Book strengthens the view that the economic outlook has changed little since the Fed's meeting in September, with analysts expecting the Fed to possibly cut rates by 25 basis points later this month and potentially further cuts in December.