MW Iran war is a major source of uncertainty for U.S. businesses, Fed's 'beige book' says
By Greg Robb
Companies are putting off decisions on hiring and capital investment
The Federal Reserve reports that more Americans are visiting food banks.
This is a developing story. Check back for updates
U.S. businesses are pulling back from making major decisions due to uncertainty stemming from the war with Iran, according to the Federal Reserve's latest report on regional economies, known as the "beige book."
"The conflict in the Middle East was cited as a major source of uncertainty that complicated decision-making around hiring, pricing, and capital investment, with many firms adopting a wait-and-see posture," the report said.
The survey is carried out to help Fed officials gain an understanding of local conditions when they meet to set interest rates, which they will next do April 28-29.
According to the report, consumer spending increased slightly on balance across the country, led by high-income Americans.
Many districts reported signs of consumer financial strain, increased price sensitivity and rising demand at food banks and other social-service organizations.
Energy and fuel costs rose sharply in all districts as a result of the Iran war, while input-cost pressures beyond energy were also widespread.
Prices were up for metals and for hardware and software products. Insurance premiums and healthcare costs continued to climb.
-Greg Robb
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(END) Dow Jones Newswires
April 15, 2026 14:29 ET (18:29 GMT)
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