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Goolsbee told CNBC that he's been hearing more concerns from businesses in his region about the impact of tariffs.
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Chair Jerome Powell said Fed forecasts for 2025 trimmed growth estimates, nudged unemployment up, and lifted inflation expectations as Trump tariffs show ripple effects.
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U.S. government debt rallied Thursday, pushing yields lower across the board, on the Federal Reserve's base-case view about the likely transitory nature of tariff-driven inflation.
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