Businesses are already trying to pass tariff costs onto customers, Fed report says

[progree]

2. Au similar - "US economic output hits 16-month low in April, expectations crater" - S&P Global flash PMI

New data from S&P Global out Wednesday showed its flash composite PMI output index, which captures activity in the services and manufacturing sectors, fell to 51.2 in April, hitting its lowest level in 16 months.

Manufacturing activity rose to 50.7, up from 50.2 in March, while services activity fell to 51.4 from 54.4. Readings above 50 indicate an expansion in activity in the sector; readings below 50 indicate contraction.

More at mahatmakanejeeves thread in Economy Group - https://www.democraticunderground.com/1116100346

In reply #3 to that -- Sentiment fell sharply. Prices rose at the sharpest rate for just over a year. Lots of other bad recent surveys ... e.g. Richmond Federal Reserve's survey of manufacturing, and the Philadelphia Federal Reserve's nonmanufacturing business outlook survey, and the Philadelphia Federal Reserve's manufacturing business outlook survey, all of which were at best dismal