- Firms can't absorb higher tariffs much longer
- Remains unclear how consumer spending will evolve
- Businesses still expect a solid year, other evidence indicates Fed policy is not overly restrictive
- Full implication of trade policy, other changes, remain unclear
- US remains near full employment
- Price stability remains the primary concern
Fed's Bostic: A single quarter-point rate cut still likely appropriate this year
- Comments from the Atlanta Fed chief
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