Inflation modest, but firms' profit margins hurt by struggles to pass on costs:Fed

Investing.com – The economy expanded slightly since late February, and the pace of inflation remained modest over recent months, though continued to dent business profit margins amid struggles to past higher costs onto consumers, according to the Federal Reserve's Beige Book released Wednesday.economic report, based on anecdotal information collected by the Fed’s 12 reserve banks through Apr.

Still, the elevated level of inflation continued to hurt business profit margins as their"ability to pass cost increases on to consumers had weakened considerably in recent months," the report said,.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Forex Today: The Fed, the whole Fed and nothing but the FedThe Greenback managed to maintain its multi-session constructive bias well and sound and propel the USD Index (DXY) back above 104.00, albeit ephemerally.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Fed members back cutting rates this year, but need confidence inflation slowingFed members back cutting rates this year, but need confidence inflation slowing
Source: Investingcom - 🏆 450. / 53 Read more »

NY Fed finds mixed outlook for inflation expectations in MarchNY Fed finds mixed outlook for inflation expectations in March
Source: Investingcom - 🏆 450. / 53 Read more »

Fed's rate-cut confidence wobbles as inflation data misbehavesFed's rate-cut confidence wobbles as inflation data misbehaves
Source: Investingcom - 🏆 450. / 53 Read more »

Dow Jones Industrial Average dives after string US inflation figuresWall Street indexes plunge as US inflation dampens hopes of Fed rate cuts in June.
Source: FXStreetNews - 🏆 14. / 72 Read more »

CNBC Daily Open: The last leg of inflation fight remains toughThe final leg of the inflation fight is proving to be difficult for the Fed.
Source: nbcsandiego - 🏆 524. / 51 Read more »