A sluggish U.S. economy grew slightly faster in the past month after trade wars eased, but companies were hesitant to hire and many began to partially raise prices to offset higher tariffs, according to the most recent Federal Reserve report known as the Beige Book.
President Trump's tariffs are starting to show up in the prices that consumers pay. That contributed to an uptick in inflation last month and will make the Fed cautious about cutting interest rates.
