fed-beige-book-iran-driven-energy-costs-push-prices-moderately-higher
# Beige Book# US inflation
Key Points
- Fed Beige Book: energy costs driven by the Iran situation lifted prices moderately
- Geopolitical premium seeps into the US inflation path
Analysis
The Fed's Beige Book flagged Iran-driven energy costs pushing prices moderately higher — a geopolitical premium in the inflation path that squeezes rate-cut room, extending the dollar-rate plateau that frames the yen and Japanese equities.