Analysts: Fed Beige Book Consolidates Interest Rate Cut Expectations, Dollar Falls

The Fed's Beige Book cemented expectations of further rate cuts, sending the dollar lower. The report showed that economic growth slowed, labor market conditions remained weak, and input prices rose. EvercoreISI analysts noted mixed signals on tariff transmission, with some companies reporting unchanged selling prices while others reported higher import costs. Overall, the Beige Book reinforced the view that the economic outlook has barely changed since the September Fed meeting, with analysts expecting the Fed to cut rates by 25 basis points later this month and possibly further in December. (Golden Ten)