AI will contribute to 1.6% GDP growth this year, a stronger labour market and mid-2% core inflation
Exemptions, implementation friction keeps actual tariff rates lower
Uncertainty, trade tensions, downside risks to weigh on growth this year
Fallout would hit financials, real economy, governments, along with tech firms
Gains for wealthy, high-income households to offset weakening job market
The impact of Trump's tariffs on inflation so far has been more modest than expected
The industry wrapped up a solid holiday shopping season, based on early data
U.S. proposal to cap rates could slash bank revenues, curb economic growth
Finance leaders say the actions will hurt consumers
Core prices increased 2.6% from a year earlier, above Fed's target