Prices are rising and economic activity has begun to slow across parts of the nation as businesses and households try to adapt to U.S. President Donald Trump's erratic rollout of sweeping tariffs aimed at reshaping global trade,

The Federal Reserve’s first deep look at the economy since President Trump imposed tariffs on the rest of the world showed the U.S. still expanding steadily — but “pervasive” uncertainty threatens to curtail growth in the months ahead.