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Respondents to recent surveys from regional Federal Reserve banks are serving as the earliest signs of how the US manufacturing industry is growing concerned about the economic outlook as the scope of President Trump's tariff plans begin to hit the business world.
On Thursday, the Philadelphia Federal Reserve's Manufacturing Business Outlook Survey showed general activity in the sector dropped to an index reading of -26 in April, its lowest reading since April 2023 and well below the 12.5 seen ...
>>> Read more: Federal Reserve surveys offer early look at challenges Trump's tariff plans create for US manufacturers
On Thursday, the Philadelphia Federal Reserve's Manufacturing Business Outlook Survey showed general activity in the sector dropped to an index reading of -26 in April, its lowest reading since April 2023 and well below the 12.5 seen ...
>>> Read more: Federal Reserve surveys offer early look at challenges Trump's tariff plans create for US manufacturers
