TechFlow news, October 16 — According to Jinshi Data, the Federal Reserve's Beige Book reinforced expectations for further rate cuts, sending the dollar lower. The report indicated that economic growth has slowed, labor market conditions remain weak, and input prices are rising. Evercore ISI analysts said in a report that signals on tariff pass-through were mixed, with some firms reporting stable selling prices while others reported rising import costs. Overall, the Beige Book "reinforces the view that the economic outlook has changed little since the Fed's September meeting." They said this suggests the Fed is likely to cut rates by 25 basis points later this month, with another cut possible in December.
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