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Regional Matters

February 6, 2025

Fifth District businesses are concerned about tariffs, especially those that source inputs or sell outputs abroad. However, data from our December business surveys suggests little relationship between tariff concerns and firms' 2025 price and cost growth expectations.

January 7, 2025

The Richmond Fed asked Fifth District firms to gauge both their business expectations and prospects for the U.S. economy in 2025 and found that firms were significantly more optimistic than previous years.