Taylor Swift’s effect on the economy has caught the eye of the Fed

• The stunning success of Taylor Swift’s Eras Tour has had a noticeable effect on the US economy.
• The Federal Reserve highlighted the effect of her three Philadelphia concerts in its Beige Book.
• Hotel revenues in the city surged to their highest level since the pandemic because of Swift.

Taylor Swift’s Eras Tour, which consists of 131 concerts across 17 states and 5 continents, has caught the attention of the Federal Reserve because of its noticeable economic impact.

The tour, which has attracted hundreds of thousands of Taylor Swift fans to cities across the US, helped boost hotel revenues considerably in Philadelphia.