US Fed warns 'economic uncertainty' weighing on consumers

The US Federal Reserve warned Wednesday that increased economic uncertainty was impacting consumer sentiment, as President Donald Trump's administration presses on with an aggressive tariffs agenda despite recent setbacks.

In its "Beige Book" report on economic conditions, the central bank said that while consumer spending had increased slightly, many Fed districts "noted that sales were dampened by economic uncertainty, increased price sensitivity, and lower-income consumers pulling back on spending."