“When you look at the balance of the dual mandate right now, it is certainly much more challenging. I think the Fed is going to have to practice much more patience from here.”
Fed officials must decide this year whether to lower interest rates further to support the economy, or keep them elevated for longer to contain inflation. First they need to determine what proportion of inflation is tariff-related and whether that increase is temporary.
“Despite policy uncertainty and downbeat consumers, the March top-line number was a good one for the economy and employers of all sizes, if not necessarily all sectors.”
The aerospace firm violated its fiduciary duties by using an in-house service provider and affiliated target-date funds, according to the class-action lawsuit filed by plan participants.
One recent study found that tariffs on Canada, Mexico, and China would raise the cost to produce a crossover vehicle by about $4,000, while a U.S.-made EV would jump by about $12,000.